Gasoline prices keep falling

The average gasoline price in Vermont is $3.12 per gallon.

Vermont Business Magazine The average gasoline price in Vermont is $3.12 per gallon, down 2 cents per gallon from last week, down 6 cents/g from last month and down 46 cents from a year ago. The lowest price in the state today is $2.38/g in West Brattleboro while the highest was $3.34/g in Lyndonville.

Average gasoline prices in Burlington have fallen 1.3 cents per gallon in the last week, averaging $3.19/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 6.2 cents per gallon lower than a month ago and stand 44.4 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.07/g this week while the most expensive was $3.29/g, a difference of 22.0 cents per gallon. 

For the third straight week, the national average price of gasoline declined over the last week, falling 2.2 cents compared to a week ago, and stands at $3.05 per gallon today, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 11.8 cents from a month ago and is 34.5 cents per gallon lower than a year ago. 

The national average price of diesel has declined 1.3 cents in the last week and stands at $3.52 per gallon — the lowest level since October 16, 2021.

Historical gasoline prices in Burlington and the national average going back ten years:
November 4, 2023: $3.63/g (U.S. Average: $3.40/g)
November 4, 2022: $3.95/g (U.S. Average: $3.79/g)
November 4, 2021: $3.46/g (U.S. Average: $3.41/g)
November 4, 2020: $2.12/g (U.S. Average: $2.11/g)
November 4, 2019: $2.70/g (U.S. Average: $2.62/g)
November 4, 2018: $2.89/g (U.S. Average: $2.73/g)
November 4, 2017: $2.57/g (U.S. Average: $2.52/g)
November 4, 2016: $2.32/g (U.S. Average: $2.22/g)
November 4, 2015: $2.22/g (U.S. Average: $2.20/g)
November 4, 2014: $3.28/g (U.S. Average: $2.96/g)

Neighboring areas and their current gas prices:
Albany- $3.13/g, down 3.3 cents per gallon from last week's $3.16/g.
New Hampshire- $2.95/g, down 4.1 cents per gallon from last week's $2.99/g.

For the third straight week, the national average price of gasoline returned to a decline over the last week, falling 2.2 cents compared to a week ago, and stands at $3.05 per gallon today, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 11.8 cents from a month ago and is 34.5 cents per gallon lower than a year ago. The national average price of diesel has declined 1.3 cents in the last week and stands at $3.52 per gallon — the lowest level since October 16, 2021.

“Seasonal trends continue to push down gasoline prices across much of the country, with GasBuddy counting 26 states where average gas prices have fallen below $3 per gallon—something that could be less than a week away for the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While much of the attention this week will be on the election and how it could potentially change the trajectory of the nation, gasoline prices are likely to be a gift to the next president, staying much lower than in previous years when COVID and Russia’s war on Ukraine caused a surge that’s unlikely to repeat. For now, Americans can expect the downward trend to continue in most states, while other states have seen prices jump temporarily due to a behavior we track called price cycling. We should see the number of states with sub-$3-per-gallon prices grow as we get closer to Thanksgiving.”

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 11.4.2024. GasBuddy

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