Vermont gasoline prices edge closer to US average

Vermont Business Magazine Average gasoline prices in Vermont are up 8 cents in the last week to $3.54 per gallon today, according to GasBuddy. They're up 16 cents over the last month and are 15 cents higher than they were one year ago. The cheapest price is $3.19/g in Brattleboro and the highest is $3.89/g in Island Pond.

Average gasoline prices in Burlington have risen 11.6 cents per gallon in the last week, averaging $3.56/g as of Monday, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 16.7 cents per gallon higher than a month ago and stand 17.5 cents per gallon higher than a year ago.

The national average price of gasoline has risen 9 cents per gallon in the last week, averaging $3.47/g today. The national average is up 41 cents per gallon from a month ago and stands 13 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.

The national average price of diesel has risen 2.6 cents in the last week and stands at $4.60 per gallon.

Statistics

Vermont USA Trend
Today 3.540 3.478 Prices Falling
Yesterday 3.548 3.476
One Week Ago 3.461 3.380
One Month Ago 3.386 3.061
One Year Ago 3.390 3.349
* Average Regular Gas Prices - Updated: 1.26.2023. 11:55 AM

Historical gasoline prices in Burlington and the national average going back ten years:
January 23, 2022: $3.39/g (U.S. Average: $3.32/g)
January 23, 2021: $2.39/g (U.S. Average: $2.39/g)
January 23, 2020: $2.69/g (U.S. Average: $2.54/g)
January 23, 2019: $2.49/g (U.S. Average: $2.29/g)
January 23, 2018: $2.62/g (U.S. Average: $2.55/g)
January 23, 2017: $2.37/g (U.S. Average: $2.30/g)
January 23, 2016: $2.07/g (U.S. Average: $1.83/g)
January 23, 2015: $2.45/g (U.S. Average: $2.03/g)
January 23, 2014: $3.44/g (U.S. Average: $3.28/g)
January 23, 2013: $3.56/g (U.S. Average: $3.31/g)

Neighboring areas and their current gas prices:
Albany- $3.51/g, up 10.7 cents per gallon from last week's $3.40/g.
New Hampshire- $3.28/g, up 10.3 cents per gallon from last week's $3.18/g.

"Gasoline prices continued their upward trajectory last week as oil prices pulled them higher across the majority of the country, and continued refinery challenges kept supply of gasoline from rising more substantially," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Macroeconomic factors have continued to weigh on oil and refined products, as strong demand in China hasn't been slowed much by a surge in new COVID cases. In addition, releases of crude oil from the Strategic Petroleum Reserve have wrapped up. Concerns are increasing that without additional oil, supply will tighten in the weeks ahead, especially as the nation starts to move away from softer demand in the height of winter. Moving forward, it doesn't look good for motorists, with prices likely to continue accelerating."

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 1.23.2023 http://www.vermontgasprices.com/