Gas prices fall despite Iran uncertainty

Gas prices fall despite Iran uncertainty

by Timothy McQuiston, Vermont Business Magazine Average gasoline prices in Vermont are $4.51 per gallon, down 5 cents per gallon from last week, up 46 cents/g from last month and up $1.42/g from this time last year, according to AAA. The lowest price in the state this week was $4.18/g.

Prices are lowest in Addison ($4.45/g) and Windham ($4.48/g) counties and highest in Essex ($4.57/g), Orange ($4.56/g), and Washington ($4.55/g), according to AAA.

Average gasoline prices in Burlington have fallen 6.9 cents per gallon in the last week, averaging $4.55/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 39.9 cents per gallon higher than a month ago and stand $1.40/g higher than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $4.47/g yesterday while the most expensive was $4.79/g, a difference of 32.0 cents per gallon. 

The national average price of gasoline has fallen 14 cents per gallon in the last week, averaging $4.42/g today. The national average is up 25 cents per gallon from a month ago and stands $1.26/g higher than a year ago, according to AAA.

The national average price of diesel has decreased 4.0 cents compared to a week ago and stands at $5.55 per gallon.

Historical gasoline prices in Burlington and the national average going back five years:
May 26, 2025: $3.15/g (U.S. Average: $3.13/g)
May 26, 2024: $3.59/g (U.S. Average: $3.56/g)
May 26, 2023: $3.55/g (U.S. Average: $3.55/g)
May 26, 2022: $4.77/g (U.S. Average: $4.60/g)
May 26, 2021: $2.97/g (U.S. Average: $3.04/g)

Neighboring areas and their current gas prices:
New York border counties range: $4.56-$4.79/g.
New Hampshire border counties range: $4.42/g-$4.53/g.
Massachusetts border counties range: $4.43-$4.43/g.

“Average gasoline prices declined in 40 states over the last week as falling oil prices helped offset earlier price cycling in many markets, bringing relief to motorists after several states had already seen sharp increases,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Much of the decline came after renewed optimism surrounding a potential U.S.-Iran agreement pushed oil prices lower, easing geopolitical pressure on energy markets. In many states, that drop created breathing room after recent price cycles and allowed pump prices to fall again. While oil continued drifting lower over the weekend on hopes of a deal, new CENTCOM reports involving U.S. defensive strikes highlight how quickly the outlook could change. For now, motorists may continue to see some relief, but it remains too early to know how long the decline will last.”

GasBuddy®, a PDI Technologies company, is North America’s trusted fuel savings platform, helping consumers fuel up for less for over 25 years. With over 100 million app downloads, GasBuddy delivers real-time prices at 150,000+ stations and tangible savings through Pay with GasBuddy+™. It is the most authoritative source of station-level fuel pricing data, updating averages 288 times daily from the broadest mix of inputs— spotter reports, direct station integrations, and transactional data.

National average gas prices

  Regular Mid-Grade Premium Diesel E85
Current Avg. $4.426 $4.932 $5.303 $5.554 $3.518
Yesterday Avg. $4.459 $4.958 $5.331 $5.579 $3.553
Week Ago Avg. $4.564 $5.062 $5.433 $5.656 $3.694
Month Ago Avg. $4.176 $4.674 $5.047 $5.461 $3.307
Year Ago Avg. $3.164 $3.649 $4.007 $3.537 $2.575
 

highest recorded average price

  Price Date
Regular Unleaded $5.016 6/14/22
Diesel $5.816 6/19/22

SOURCE 5.28.2026. GasBuddy. AAA.

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