Gasoline prices fall to $3.39

Average gasoline prices in the United States and Vermont, August 22, 2024.

Source: GasBuddy

Vermont Business Magazine Average gasoline prices in Vermont are $3.39 per gallon, down 1 cent from last week, 7 cents from last month and 41 cents from last year. The county with the lowest gas prices in Vermont is Rutland at $3.30, according to AAA, while Orleans County has the highest gas prices at $3.46/g.

According to a survey of 100 Burlington gas stations by GasBuddy, average gas prices in Burlington have increased 1.6 cents per gallon over the past week and are averaging $3.43 per gallon today. Prices in Burlington are 8.2 cents per gallon lower than a month ago and 43.2 cents per gallon lower than a year ago.

According to GasBuddy's price reports, the cheapest gas station in Burlington yesterday cost $3.36/g, while the most expensive cost $3.45/g, a difference of 9.0 cents per gallon.

The national average price of gasoline has fallen 6 cents per gallon over the past week, averaging $3.38 per gallon today. The national average is down 12 cents per gallon from last month, and is 47 cents per gallon lower than a year ago, according to AAA.

According to GasBuddy, the national average price of diesel fell 2.6 cents last week to $3.69 per gallon, the lowest in 940 days.

Historical gasoline prices in Burlington and the national average for the last ten years (GasBuddy):
August 19, 2023: $3.86/g (US average: $3.84/g)
August 19, 2022: $4.22/g (US average: $3.89/g)
August 19, 2021: $3.13/g (US average: $3.16/g)
August 19, 2020: $2.18/g (US average: $2.17/g)
August 19, 2019: $2.77/g (US average: $2.60/g)
August 19, 2018: $2.95/g (US average: $2.82/g)
August 19, 2017: $2.45/g (US average: $2.32/g)
August 19, 2016: $2.20/g (US average: $2.15/g)
August 19, 2015: $2.53/g (US average: $2.66/g)
August 19, 2014: $3.64/g (US average: $3.44/g)

Neighbouring towns and their current gas prices:
Albany – $3.48/g, down 2.4 cents per gallon from the previous week’s $3.51/g.
New Hampshire – $3.32/g, down 0.6 cents per gallon from the previous week’s $3.32/g.

“Gasoline and diesel prices continue to fall across much of the country as summer demand eases. Lower demand in other oil-consuming countries is also adding to the downward pressure on pump prices as we approach Labor Day,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With little new action in the Middle East to drive up prices and Hurricane Ernesto still far out at sea, it looks like the downward trend could continue in the coming week. As more schools reopen, gasoline demand is likely to continue to weaken. With the switch to winter gasoline beginning in most parts of the country in less than a month, gasoline prices will soon begin their seasonal cooldown – just as temperatures will soon.”

GasBuddy is the authoritative source for gasoline prices and the only source for gas station data. The GasBuddy survey is updated 288 times daily and is based on a highly diverse list of sources covering nearly 150,000 gas stations nationwide. It is the most comprehensive and up-to-date in the country. GasBuddy's averages, charts, maps and historical price data for the U.S. and Canada are available 24/7 at http://prices.GasBuddy.com.

SOURCE 08/22/2024. GasBuddy. AAA.

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