Vermont Business Magazine Average gasoline prices in Vermont are $3.23/g, down 4.2 cents per gallon from last week's $3.27/g. The lowest price in the state yesterday was $2.89/g while the highest was $3.99/g, a difference of $1.10/g.
Average gasoline prices in Burlington have fallen 6.2 cents per gallon in the last week, averaging $3.25/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 19.8 cents per gallon lower than a month ago and stand 20.4 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Burlington was priced at $2.99/g yesterday while the most expensive was $3.39/g, a difference of 40.0 cents per gallon.
The national average price of gasoline has fallen 3.8 cents per gallon in the last week, averaging $3.03/g today. The national average is down 12.2 cents per gallon from a month ago and stands 22.0 cents per gallon lower 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 fallen 5.6 cents in the last week and stands at $3.90 per gallon.
Historical gasoline prices in Burlington and the national average going back ten years:
January 8, 2023: $3.45/g (U.S. Average: $3.25/g)
January 8, 2022: $3.35/g (U.S. Average: $3.30/g)
January 8, 2021: $2.33/g (U.S. Average: $2.32/g)
January 8, 2020: $2.71/g (U.S. Average: $2.61/g)
January 8, 2019: $2.55/g (U.S. Average: $2.23/g)
January 8, 2018: $2.57/g (U.S. Average: $2.49/g)
January 8, 2017: $2.40/g (U.S. Average: $2.37/g)
January 8, 2016: $2.13/g (U.S. Average: $1.98/g)
January 8, 2015: $2.69/g (U.S. Average: $2.17/g)
January 8, 2014: $3.56/g (U.S. Average: $3.30/g)
Neighboring areas and their current gas prices:
Albany- $3.24/g, down 2.2 cents per gallon from last week's $3.26/g.
New Hampshire- $3.06/g, down 2.7 cents per gallon from last week's $3.09/g.
"Sluggish gasoline demand has led to the national average easing again, and brings back the potential for the national average to drift under $3 per gallon for the first time since 2021," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With a record rise in gasoline inventories last week as demand was anemic during the holidays, motorists have provided the catalyst for falling prices. If demand remains weak, gasoline prices could fall further. In addition, refinery issues in California have also eased, which will soon cause prices to decline in California, Nevada and Arizona, providing momentum for a possible run at a $2.99 national average. However, the better it gets now, the more bumpy and sharp the rise could be ahead of the spring, as prices could start their rise of 35-85 cents per gallon around mid-February."
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 1.8.2024. GasBuddy