Vermont Business Magazine The average price of gasoline Wednesday in Vermont is $3.36 per gallon, down 4 cents from last week, down 48 cents from last month, but still 2 cents higher than a year ago. The lowest price in Vermont is $3.029/g in St Johnsbury. The highest price is $4.29 in West Bridgewater.
According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.29/g Monday while the most expensive was $3.69/g, a difference of 40.0 cents per gallon.
The national average price of gasoline is $3.09/g and diesel has fallen 14.1 cents in the last week and stands at $4.77 per gallon, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country. GasBuddy is expecting prices nationally to head back to the $4/g range early in 2023.
See Outlook below.
Statistics
| Vermont | USA | Trend | |
|---|---|---|---|
| Today | 3.362 | 3.090 |  |
| Yesterday | 3.373 | 3.080 | |
| One Week Ago | 3.401 | 3.065 | |
| One Month Ago | 3.848 | 3.507 | |
| One Year Ago | 3.349 | 3.282 | |
| * Average Regular Gas Prices - Updated: 12.28.2022. 1:15 PM | |||
Historical gasoline prices in Burlington and the national average going back ten years:
December 26, 2021: $3.35/g (U.S. Average: $3.25/g)
December 26, 2020: $2.26/g (U.S. Average: $2.25/g)
December 26, 2019: $2.69/g (U.S. Average: $2.54/g)
December 26, 2018: $2.60/g (U.S. Average: $2.30/g)
December 26, 2017: $2.48/g (U.S. Average: $2.44/g)
December 26, 2016: $2.34/g (U.S. Average: $2.28/g)
December 26, 2015: $2.17/g (U.S. Average: $2.00/g)
December 26, 2014: $2.87/g (U.S. Average: $2.30/g)
December 26, 2013: $3.53/g (U.S. Average: $3.26/g)
December 26, 2012: $3.57/g (U.S. Average: $3.23/g)
Neighboring areas and their current gas prices:
Albany- $3.40/g, down 8.5 cents per gallon from last week's $3.48/g.
New Hampshire- $3.23/g, down 6.8 cents per gallon from last week's $3.29/g.
"While the national average declined for the seventh straight week, with oil prices rallying, it remains to be seen if we will manage another week of gasoline price declines. We're still waiting for the national average to fall below $3 per gallon, something that is suddenly a bit less likely given the extreme cold weather, interrupting refining operations in the south, curbing gasoline production and potentially driving prices up slightly," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While some of the nation's lowest priced gas stations will probably be forced to raise prices slightly, with some declines still happening in the West Coast, there remains a chance, albeit smaller one, that we could still see the national average fall below $3 per gallon. With the New Year on the doorstep, however, the biggest question motorists have remains what will happen in 2023 - a question GasBuddy's annual Fuel Outlook will answer later this week."
After a tumultuous year for gas prices, some relief may be on the way in 2023. The yearly national average price of gas in 2023 is forecast to drop nearly 50 cents per gallon from that of 2022 to $3.49, according to GasBuddy's 2023 Fuel Outlook released today. Continuing improvement in refinery capacity will help alleviate gasoline and diesel prices, though high levels of uncertainty remain amidst Russia’s ongoing war on Ukraine and continuing economic concerns. A $4 national average remains possible ahead of and during the summer driving season.
Highlights from GasBuddy’s 2023 Fuel Outlook:
- The national average price of gas could cool early in the year as demand remains seasonally weak, followed by a rise that starts in late winter, bringing prices to the $4 per gallon range in time for summer. Barring unexpected challenges, prices in 2023 should return to normal seasonal fluctuations, rising in the spring, and dropping after Labor Day into the fall.
- Though most major U.S. cities will see prices top around $4 per gallon, areas of California like San Francisco and Los Angeles could again experience near $7 gas prices again in the summer of 2023 if refineries struggle under mandates of unique formulations of gasoline.
- Americans will spend an estimated $470.8 billion on gasoline in 2023, down $55 billion from 2022. The estimated yearly household spend on gasoline will also fall $277 to $2,471.
“2023 is not going to be a cakewalk for motorists. It could be expensive,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The national average could breach $4 per gallon as early as May – and that’s something that could last through much of the summer driving season. Basically, curveballs are coming from every direction. Extreme amounts of volatility remain possible, but should become slightly more muted in the year ahead. I don’t think we’ve ever seen such an amount of volatility as we saw this year, and that will be a trend that likely continues to lead to wider uncertainty over fuel prices going into 2023.”
The highest gasoline prices are forecast to be seen in June, with an estimated peak of up to $4.19 per gallon on average. Diesel prices are forecast to average $4.12 in 2023, beginning the year at their highest level and then rebounding as high as $4.30 per gallon in June.
Download the full 2023 Fuel Outlook here.
About GasBuddy
GasBuddy is the leading fuel savings platform providing North American drivers with the most ways to save money on gas. GasBuddy has delivered more than $3.5 billion in cumulative savings to its users through providing real-time gas price information at 150,000+ stations, offering cash back rewards on purchases with brand partners, and through the Pay with GasBuddy™ payments card that offers cents-off per gallon at virtually all gas stations across the US. As one of the most highly-rated apps in the history of the App Store, GasBuddy has been downloaded over 100 million times. Acquired by PDI Technologies in 2021, GasBuddy’s publishing and software businesses enable the world’s leading fuel, convenience, QSR and CPG companies to shorten the distance between the fueling public and their brands. For more information, visit www.gasbuddy.com.
About GasBuddy
GasBuddy is the leading fuel savings platform providing North American drivers with the most ways to save money on gas. GasBuddy has delivered more than $3.5 billion in cumulative savings to its users through providing real-time gas price information at 150,000+ stations, offering cash back rewards on purchases with brand partners, and through the Pay with GasBuddy™ payments card that offers cents-off per gallon at virtually all gas stations across the US. As one of the most highly-rated apps in the history of the App Store, GasBuddy has been downloaded over 100 million times. Acquired by PDI Technologiesin 2021, GasBuddy’s publishing and software businesses enable the world’s leading fuel, convenience, QSR and CPG companies to shorten the distance between the fueling public and their brands. For more information, visit www.gasbuddy.com.
BOSTON (December 20, 2022) -- December 20 & 22 28, 2022
