by Timothy McQuiston, Vermont Business Magazine Average gasoline prices in Vermont are $3.42 per gallon, down 2 cents per gallon from last week, unchanged from last month and down 33 cents/g from last year. The lowest price in the state yesterday was $2.94/g in West Brattleboro, while the highest was $3.79/g in Westminster. This is the first time this year that the lowest price has been under $3/g.
Average gasoline prices in Burlington have fallen 5.8 cents per gallon in the last week, averaging $3.43/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 1.6 cents per gallon lower than a month ago and stand 29.8 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.29/g yesterday while the most expensive was $3.55/g, a difference of 26.0 cents per gallon.
The national average price of gasoline is down 6 cents per gallon in the last week, averaging $3.46/g today. The national average is down 3 cents per gallon from a month ago and stands 31 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
While the price per barrel of oil has been falling in recent weeks, some regions of the nation have been saddled with refinery issues, which have skewed the average price of gasoline up.
In addition, fears of an expanding war in the Middle East between Israel and Iran have increased the price of crude oil, which typically will increase the price of gasoline.
The national average price of diesel has fallen 1.2 cents in the last week and stands at $3.78 per gallon.
| Vermont | USA | Trend | |
|---|---|---|---|
| Today | 3.426 | 3.467 |  |
| Yesterday | 3.426 | 3.474 | |
| One Week Ago | 3.440 | 3.526 | |
| One Month Ago | 3.423 | 3.495 | |
| One Year Ago | 3.752 | 3.770 | |
| * Average Regular Gas Prices - Updated: 8.1.2024. 9:55 AM | |||
Historical gasoline prices in Burlington and the national average going back ten years:
July 29, 2023: $3.72/g (U.S. Average: $3.73/g)
July 29, 2022: $4.50/g (U.S. Average: $4.21/g)
July 29, 2021: $3.11/g (U.S. Average: $3.16/g)
July 29, 2020: $2.18/g (U.S. Average: $2.19/g)
July 29, 2019: $2.77/g (U.S. Average: $2.72/g)
July 29, 2018: $2.93/g (U.S. Average: $2.84/g)
July 29, 2017: $2.41/g (U.S. Average: $2.31/g)
July 29, 2016: $2.27/g (U.S. Average: $2.13/g)
July 29, 2015: $2.65/g (U.S. Average: $2.68/g)
July 29, 2014: $3.71/g (U.S. Average: $3.51/g)
Neighboring areas and their current gas prices:
Albany- $3.57/g, down 1.3 cents per gallon from last week's $3.58/g.
New Hampshire- $3.40/g, down 1.4 cents per gallon from last week's $3.41/g.
"We continue to see a mixed bag when it comes to gas prices across the country: states in the Great Lakes region are still being jolted by the Joliet, IL refinery outage, which has also impacted gas prices in some areas of Canada, while areas like the West Coast continue to see notable declines," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With the summer winding down and GasBuddy data showing disappointing gasoline demand and struggling oil prices, we could eventually see the national average falling a bit more, especially once the refinery in Illinois restarts operations. While hurricane season hasn't been a factor yet, it's also just starting to get into its prime, and that does remain a quiet wildcard for now."
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy's averages, graphs, maps and historical pricing data covering the U.S. and Canada is available 24/7 at http://prices.GasBuddy.com.
SOURCE 7.29.2024. GasBuddy
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