Uncertainty in Middle East pushes up gas prices

Uncertainty in Middle East pushes up gas prices

Vermont Business Magazine Average gasoline prices in Vermont are $3.16 per gallon, up 6 cents/g from last week, up 7 cents/g from last month and down 26 cents/g from last year. The lowest price in the state this week was $2.75/g while the highest was $3.30/g. Prices are lowest in Rutland ($3.12/g) and Bennington ($3.05/g) counties, as they were last week, and highest in Grand Isle ($3.25/g), Lamoille ($3.24/g) and Franklin ($3.26/g) counties, according to AAA.

Average gasoline prices in Burlington have risen 4.6 cents per gallon in the last week, averaging $3.17/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are  unchanged versus a month ago and stand 19.7 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.05/g yesterday while the most expensive was $3.30/g, a difference of 25.0 cents per gallon. 

The national average price of gasoline has risen 2 cents per gallon in the last week, averaging $3.22/g today, according to AAA. The national average is up 5 cents/g from a month ago and stands 27 cents per gallon lower than a year ago, according to AAA.

The national average price of diesel has increased 16.1 cents in the last week and stands at $3.649 per gallon.

Historical gasoline prices in Burlington and the national average going back ten years:
June 23, 2024: $3.36/g (U.S. Average: $3.41/g)
June 23, 2023: $3.61/g (U.S. Average: $3.57/g)
June 23, 2022: $4.98/g (U.S. Average: $4.94/g)
June 23, 2021: $2.98/g (U.S. Average: $3.08/g)
June 23, 2020: $2.11/g (U.S. Average: $2.15/g)
June 23, 2019: $2.72/g (U.S. Average: $2.65/g)
June 23, 2018: $2.99/g (U.S. Average: $2.84/g)
June 23, 2017: $2.39/g (U.S. Average: $2.27/g)
June 23, 2016: $2.36/g (U.S. Average: $2.31/g)
June 23, 2015: $2.78/g (U.S. Average: $2.79/g)

Neighboring areas and their current gas prices:
Albany- $3.16/g, up 10.1 cents per gallon from last week's $3.06/g.
New Hampshire- $3.03/g, up 14.1 cents per gallon from last week's $2.89/g.

"With Israel and Iran trading attacks over the past week, oil prices have continued to climb—and gasoline prices are following suit, rising at a pace we haven’t seen since last summer," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Few pumps have been immune, with nearly all states seeing gas prices rise over the last week. Additionally, average diesel prices recorded their largest weekly jump since August 2023. Now, with the U.S. launching attacks on Iran, oil prices are likely to continue trending higher. That said, I do not expect the apocalyptic spikes being circulated by some so-called influencers on social media— many of which are wildly inaccurate. For now, motorists should anticipate a continued steady climb in prices, with the national average likely to increase another 7 to 15 cents this week, while diesel could rise by 10 to 20 cents. These forecasts remain fluid and could shift quickly depending on global developments, so we encourage motorists to stay tuned to GasBuddy for the latest updates and insights."

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.

6.26.2025. SOURCE GasBuddy

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