Gasoline prices likely to climb as summer formulas introduced

Average gasoline prices in Vermont are $3.25 per gallon, up 2 cents per gallon from last week.

Vermont Business Magazine Average gasoline prices in Vermont are $3.25 per gallon, up 2 cents per gallon from last week, up 6 cents/g from last month, but down 16 cents/g from last year. The lowest price in the state is $2.95/g in Middlebury, while the highest is $3.39/g at several locations.

Average gasoline prices in Burlington have fallen 0.6 cents per gallon in the last week, averaging $3.25/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 4.4 cents per gallon higher than a month ago and stand 13.5 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.05/g yesterday while the most expensive was $3.39/g, a difference of 34.0 cents per gallon. 

The national average price of gasoline has risen 7 cents per gallon in the last week, averaging $3.40/g today. The national average is up 26 cents per gallon from a month ago and stands 1 cent 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.

The national average price of diesel has fallen 2.7 cents in the last week and stands at $4.03 per gallon.

Historical gasoline prices in Burlington and the national average going back ten years:
March 4, 2023: $3.38/g (U.S. Average: $3.37/g)
March 4, 2022: $3.99/g (U.S. Average: $3.92/g)
March 4, 2021: $2.72/g (U.S. Average: $2.75/g)
March 4, 2020: $2.59/g (U.S. Average: $2.41/g)
March 4, 2019: $2.46/g (U.S. Average: $2.43/g)
March 4, 2018: $2.59/g (U.S. Average: $2.52/g)
March 4, 2017: $2.31/g (U.S. Average: $2.31/g)
March 4, 2016: $1.88/g (U.S. Average: $1.81/g)
March 4, 2015: $2.54/g (U.S. Average: $2.45/g)
March 4, 2014: $3.60/g (U.S. Average: $3.46/g)

Vermont USA Trend
Today 3.252 3.406 Prices Rising
Yesterday 3.246 3.415
One Week Ago 3.239 3.339
One Month Ago 3.193 3.149
One Year Ago 3.417 3.411
* Average Regular Gas Prices - Updated: 3.7.2024. 2:35 PM

Neighboring areas and their current gas prices:
Albany- $3.33/g, up 1.8 cents per gallon from last week's $3.31/g.
New Hampshire- $3.11/g, up 1 cent per gallon from last week's $3.10/g.

"A majority of the nation's 50 states have seen gasoline prices rise, with the national average posting a gain for the second straight week, a trend that is hardly surprising for this time of year and will likely continue as the entire nation has now made the first step toward summer gasoline," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The pinch at the pump has been manageable for now, with prices about 30 cents higher than mid-January, but that will likely change as we enter the madness we tend to see in March with refinery maintenance hitting its peak, impacting how much gasoline can be produced as we make the changeover to the summer blends. This always crimps supply, leading to further gas price increases."

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 data is accessible at http://prices.GasBuddy.com.

SOURCE 3.7.2024. GasBuddy

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