Gasoline prices flatten, Vermont at $3.12 average

Vermont Business Magazine Average gasoline prices in Vermont are $3.12 per gallon, up 0.7 cents per gallon from last week's $3.11/g. The lowest price in the state yesterday was $2.86/g while the highest was $3.29/g, a difference of 43.0 cents per gallon.

Average gasoline prices in Burlington have fallen 0.8 cents per gallon in the last week, averaging $3.18/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 5.6 cents per gallon lower than a month ago and stand 40.8 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.04/g yesterday while the most expensive was $3.29/g, a difference of 25.0 cents per gallon. 

The national average price of gasoline has fallen 2.6 cents per gallon in the last week, averaging $3.03/g today. The national average is down 16.7 cents per gallon from a month ago and stands 32.3 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 declined 0.4 cents in the last week and stands at $3.52 per gallon.

Historical gasoline prices in Burlington and the national average going back ten years:
November 11, 2023: $3.59/g (U.S. Average: $3.35/g)
November 11, 2022: $3.99/g (U.S. Average: $3.79/g)
November 11, 2021: $3.48/g (U.S. Average: $3.41/g)
November 11, 2020: $2.11/g (U.S. Average: $2.11/g)
November 11, 2019: $2.69/g (U.S. Average: $2.62/g)
November 11, 2018: $2.87/g (U.S. Average: $2.67/g)
November 11, 2017: $2.61/g (U.S. Average: $2.56/g)
November 11, 2016: $2.31/g (U.S. Average: $2.17/g)
November 11, 2015: $2.25/g (U.S. Average: $2.20/g)
November 11, 2014: $3.27/g (U.S. Average: $2.91/g)

Neighboring areas and their current gas prices:
Albany- $3.11/g, down 1.8 cents per gallon from last week's $3.13/g.
New Hampshire- $2.95/g, down 0.4 cents per gallon from last week's $2.95/g.

"While the election has come and gone, gas prices have stayed the course, with the national average price of gasoline declining for a fourth consecutive week as seasonal demand weakens and Americans begin to take refuge from falling temperatures," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While some may be surprised by the declines—some 28 states have average gas prices below $3 per gallon—this was anticipated in our annual Fuel Outlook from last December. Looking back at our outlook provides insight into the current drop and what we expect next. With the median U.S. gas price now at $2.95 per gallon, the lowest since 2021, it appears to be just a matter of time before the national average falls below $3 per gallon for the first time since May 2021, something we've already seen for diesel prices, which many Americans will be thankful for as we get closer to Thanksgiving."

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's averages, graphs, maps and historical pricing data covering the U.S. and Canada is available 24/7 at http://prices.GasBuddy.com.

SOURCE 11.11.2024. GasBuddy

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