Gasoline prices take one-day breather

Vermont Business Magazine Average gasoline prices in Vermont fell one cent per gallon from yesterday but were still up 5 cents/g from last week, up 18 cents from last month and up 55 cents from last year. The lowest price was $3.50/g in Hartford and the highest was in Addison at $4.19.

Meanwhile, average gasoline prices in Burlington have risen 2.9 cents per gallon in a week as of Sunday, averaging $3.95/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 16.2 cents per gallon higher than a month ago and stand 50.3 cents per gallon higher than a year ago. The national average price of diesel has risen 3.4 cents in the last week and stands at $5.32 per gallon.

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.75/g yesterday while the most expensive was $4.19/g, a difference of 44.0 cents per gallon. The lowest price in the state yesterday was $3.49/g while the highest was $4.19/g, a difference of 70.0 cents per gallon.

The national average price of gasoline rose 3 cents per gallon in the last week, averaging $3.80/g today. The national average is down 14 cents per gallon from a month ago and stands 40 cents per gallon higher 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.

Historical gasoline prices in Burlington and the national average going back ten years:
November 7, 2021: $3.45/g (U.S. Average: $3.41/g)
November 7, 2020: $2.09/g (U.S. Average: $2.10/g)
November 7, 2019: $2.69/g (U.S. Average: $2.64/g)
November 7, 2018: $2.91/g (U.S. Average: $2.73/g)
November 7, 2017: $2.58/g (U.S. Average: $2.55/g)
November 7, 2016: $2.32/g (U.S. Average: $2.20/g)
November 7, 2015: $2.26/g (U.S. Average: $2.22/g)
November 7, 2014: $3.27/g (U.S. Average: $2.93/g)
November 7, 2013: $3.44/g (U.S. Average: $3.21/g)
November 7, 2012: $3.78/g (U.S. Average: $3.46/g)

Neighboring areas and their current gas prices:
Albany- $3.94/g, up 7.6 cents per gallon from last week's $3.86/g.
New Hampshire- $3.76/g, up 9.9 cents per gallon from last week's $3.66/g.

Statistics

Vermont USA Trend
Today 3.974 3.804 Prices Falling
Yesterday 3.985 3.807
One Week Ago 3.921 3.777
One Month Ago 3.792 3.943
One Year Ago 3.420 3.408
* Average Regular Gas Prices - Updated: 11.10.2022. 3:35 PM

"Just over half of the nation's 50 states saw gasoline prices rise last week, pulling the national average back up for the time being due to big jumps in the Great Lakes and continued increases in New England and mid-Atlantic states," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, the rise in the Great Lakes, brought on by tight supply, has already started to ease, and declines should start again. In the northeastern U.S., prices are likely to inch up a bit more. National diesel supply remains tight, but supplies of diesel did see a slight rise last week. The majority of stations, especially away from the East Coast and Northeast, should have very few issues with diesel supply, though some stations in those regions could see diesel delivery times slip. Brief outages at a limited number of stations are possible, but with refineries continuing to churn out product and maintenance wrapping up, I'm optimistic the situation will improve."

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 GasBuddy 11.10.2022 http://www.vermontgasprices.com/