Gas prices did not fall as much as predicted over the holiday

Gas prices fall, not as much as predicted

by Timothy McQuiston, Vermont Business Magazine Average gasoline prices in Vermont are $3.09 per gallon today, up 1 cent from a week ago and a month ago, and down 49 cents/g from a year ago. The lowest price in the state this week was $2.80/g while the highest was $3.19/g, a difference of 39.0 cents per gallon. Prices are lowest in Windham ($3.01/g) and Windsor ($3.02/g) counties and highest in Lamoille ($3.18/g), Essex ($3.20/g) and Grand Isle ($3.20/g), according to AAA

Average gasoline prices in Burlington are unchanged in the last week, averaging $3.15/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 1 cent per gallon lower than a month ago and stand 45.9 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.01/g yesterday while the most expensive was $3.19/g, a difference of 18.0 cents per gallon. 

The national average price of gasoline did not decline as much as predicted during the holiday weekend, where it was anticipated to fall to near $3 per gallon. As of today, the national average is $3.16, down 3 cents/g from last week, unchanged from last month and stands 41 cents per gallon lower than a year ago, according to AAA.

The national average price of diesel has decreased 3.2 cents in the last week and stands at $3.476 per gallon, according to GasBuddy.

Historical gasoline prices in Burlington and the national average going back ten years:
May 27, 2024: $3.61/g (U.S. Average: $3.56/g)
May 27, 2023: $3.54/g (U.S. Average: $3.55/g)
May 27, 2022: $4.79/g (U.S. Average: $4.60/g)
May 27, 2021: $2.97/g (U.S. Average: $3.04/g)
May 27, 2020: $1.96/g (U.S. Average: $1.97/g)
May 27, 2019: $2.84/g (U.S. Average: $2.82/g)
May 27, 2018: $2.97/g (U.S. Average: $2.97/g)
May 27, 2017: $2.46/g (U.S. Average: $2.37/g)
May 27, 2016: $2.36/g (U.S. Average: $2.32/g)
May 27, 2015: $2.72/g (U.S. Average: $2.74/g)

Neighboring areas and their current gas prices:
Albany- $3.09/g, unchanged  from last week's $3.09/g.
New Hampshire- $2.89/g, unchanged  from last week's $2.89/g. 

"While the national average didn’t fall quite as far as anticipated for Memorial Day, it was still one of the most affordable since 2021— and, when adjusted for inflation, among the cheapest in nearly a decade," said Patrick De Haan, head of petroleum analysis at GasBuddy. "As we move into the heart of summer, I believe we’re likely to see a relatively stable stretch for gas prices as refinery maintenance wraps up. Don’t expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now. While refining issues on the West Coast are beginning to ease, several factors could still influence prices in the weeks ahead—including growing uncertainty around the upcoming hurricane season."

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: GasBuddy. AAA. 5.29.2025

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