Gasoline prices hold at $3.23, expected to fall

 Average gasoline prices in Vermont are $3.23 per gallon, up 0.1 cent/g from last week, down 12.9 cents from last month and down 55 cents from last year.

Vermont Business Magazine Average gasoline prices in Vermont are $3.23 per gallon, up 0.1 cent/g from last week, down 12.9 cents from last month and down 55 cents from last year. The lowest price in the state is $2.72/g in West Brattleboro, while the highest was $3.48/g in Essex County. Windham and Bennington counties had the lowest average prices and the highest averages were in Caledonia, Lamoille and Chittenden counties.

In addition, average gasoline prices in Burlington have fallen 1.6 cents per gallon in the last week, averaging $3.28/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 12.2 cents per gallon lower than a month ago and stand 52.9 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.16/g yesterday while the most expensive was $3.39/g, a difference of 23.0 cents per gallon. 

The national average gasoline prices are $3.20 per gallon, down 1 cent/g from last week, down 13.1 cents from last month and down 60.7 cents from last year, 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 declined 2.1 cents in the last week and stands at $3.55 per gallon.

Historical gasoline prices in Burlington and the national average going back ten years:
September 23, 2023: $3.81/g (U.S. Average: $3.83/g)
September 23, 2022: $3.77/g (U.S. Average: $3.67/g)
September 23, 2021: $3.17/g (U.S. Average: $3.18/g)
September 23, 2020: $2.16/g (U.S. Average: $2.19/g)
September 23, 2019: $2.74/g (U.S. Average: $2.66/g)
September 23, 2018: $2.94/g (U.S. Average: $2.83/g)
September 23, 2017: $2.69/g (U.S. Average: $2.56/g)
September 23, 2016: $2.23/g (U.S. Average: $2.21/g)
September 23, 2015: $2.32/g (U.S. Average: $2.28/g)
September 23, 2014: $3.57/g (U.S. Average: $3.33/g)

Neighboring areas and their current gas prices:
Albany- $3.26/g, down 3.6 cents per gallon from last week's $3.30/g.
New Hampshire- $3.04/g, down 8.8 cents per gallon from last week's $3.12/g.

"With oil prices jumping after the U.S. Federal Reserve cut interest rates by a larger-than-expected half percent, we've seen some states where gas prices have inched back up, while others have continued to decline. Most of these increases should be temporary with declines returning in the days and weeks ahead," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition, for California and areas of Nevada and western Arizona, areas that had been left out of the recent drops, refinery issues are improving and gas prices should start moving lower. While the future looks good for gas prices to continue trending lower for most in the weeks ahead, oil's jump may mute the downside potential just a bit — for now."

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 GasBuddy

To support vital journalism, access our archives and get unique features like our award-winning profiles, Book of Lists & Business-to-Business Directory, subscribe HERE!

www.vermontbiz.com