Thursday, September 8, 2022

Vermont gasoline prices fall to lowest level since winter - Vermont Biz

Vermont Business Magazine Average gasoline prices in Vermont have fallen 10 cents to back under $4 per gallon, according to GasBuddy. The average price today is $3.90, which is 50 cents less than a month ago and 83 cents more than last year. The lowest price in the state is in Troy ($3.47/g) and the highest price is in Killington ($4.59). Gasoline prices in Vermont have also started to close the gap with the average national price, which has fallen 8 cents in the last week to $3.72/g. State and national prices had been running about the same until the beginning of summer.

Meanwhile, average gasoline prices in Burlington have fallen 15.1 cents per gallon in the last week, averaging $3.91/g today, according to GasBuddy's survey of 100 stations in Burlington. Prices in Burlington are 49.7 cents per gallon lower than a month ago and stand 76.9 cents per gallon higher than a year ago. The national average price of diesel has declined 2.0 cents in the last week and stands at $5.02 per gallon.

According to GasBuddy price reports, the cheapest station in Burlington was priced at $3.82/g yesterday while the most expensive was $4.03/g, a difference of 21.0 cents per gallon. The lowest price in the state yesterday was $3.47/g while the highest was $4.29/g, a difference of 82.0 cents per gallon.

Statistics

Vermont USA Trend
Today 3.901 3.725 Prices Falling
Yesterday 3.910 3.741
One Week Ago 4.008 3.806
One Month Ago 4.403 4.011
One Year Ago 3.078 3.175
* Average Regular Gas Prices - Updated: 9.8.2022. 1:15 PM

The national average price of gasoline has fallen 7.7 cents per gallon in the last week, averaging $3.75/g today. The national average is down 29.5 cents per gallon from a month ago and stands 57.6 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.

Historical gasoline prices in Burlington and the national average going back ten years:
September 6, 2021: $3.14/g (U.S. Average: $3.17/g)
September 6, 2020: $2.18/g (U.S. Average: $2.20/g)
September 6, 2019: $2.75/g (U.S. Average: $2.56/g)
September 6, 2018: $2.97/g (U.S. Average: $2.85/g)
September 6, 2017: $2.78/g (U.S. Average: $2.67/g)
September 6, 2016: $2.24/g (U.S. Average: $2.19/g)
September 6, 2015: $2.40/g (U.S. Average: $2.40/g)
September 6, 2014: $3.62/g (U.S. Average: $3.44/g)
September 6, 2013: $3.77/g (U.S. Average: $3.57/g)
September 6, 2012: $3.84/g (U.S. Average: $3.82/g)

Neighboring areas and their current gas prices:
Albany- $4.04/g, down 15.0 cents per gallon from last week's $4.19/g.
New Hampshire- $3.81/g, down 10.4 cents per gallon from last week's $3.92/g.

"The national average has declined for 12 straight weeks, the longest tally since 2018, and it could soon eclipse that mark if we see two more weeks of decline. Though, that may be more challenging given OPEC's decision (September 5) to cut oil production," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, price movements will be contingent on where you are, with California seeing some minor increases, while the Great Lakes could see an upward move as BP's refinery outage has had an impact on supplies. In the Gulf and Rockies, prices may continue to fall, so a very mixed bag for motorists in the week ahead. In addition, there are several disturbances in the Atlantic to keep an eye on, but we do switch back to cheaper winter gasoline in just over a week which should provide some additional relief."

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. 9.8.2022. www.vermontgasprices.com

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