Gasoline prices continue to fall toward $4 a gallon
Vermont Business Magazine Gasoline prices in Vermont fell another 6 cents last week to an average of $4.41 a gallon today, according to GasBuddy. Prices fell 36 cents last month, but are $1.34/g higher than a year ago. Prices are falling faster nationally than in Vermont.
The national average gasoline price fell 15.8 cents per gallon last week to an average of $4.01/g today. The national average is down 68.7 cents per gallon from a month ago and is 83.6 cents per gallon higher than a year ago, according to GasBuddy data compiled from of more than 11 million weekly price reports covering more than 150,000 service stations across the country.
The national average diesel price fell 13.1 cents last week to $5.14 a gallon.
Meanwhile, average gasoline prices in Burlington fell 9.2 cents per gallon last week, averaging $4.39/g today, according to GasBuddy’s survey of 100 stations in Burlington. . Prices in Burlington are 36.9 cents per gallon lower than a month ago and $1.25/g higher than a year ago.
|A week ago||4.478||4.172|
|A month ago||4.779||4.706|
|One year ago||3.075||3.183|
|* Average ordinary gas prices – Updated: 8.8.2022. 9:15 a.m.|
According to GasBuddy price reports, Burlington’s cheapest station was priced at $4.29/g yesterday while the most expensive was $4.49/g, a difference of 20.0 cents per gallon. Yesterday, the state’s lowest price was $4.13/g, while the highest price was $4.74/g, a difference of 61.0 cents per gallon.
Historical gas prices in Burlington and national average going back ten years:
August 8, 2021: $3.14/g (US average: $3.18/g)
August 8, 2020: $2.17/g (US average: $2.17/g)
August 8, 2019: $2.78/g (US average: $2.66/g)
August 8, 2018: $2.97/g (US average: $2.87/g)
August 8, 2017: $2.45/g (US average: $2.36/g)
August 8, 2016: $2.25/g (US average: $2.12/g)
August 8, 2015: $2.57/g (US average: $2.60/g)
August 8, 2014: $3.67/g (US average: $3.47/g)
August 8, 2013: $3.76/g (US average: $3.58/g)
August 8, 2012: $3.66/g (US average: $3.65/g)
Neighboring areas and their current gas prices:
Albany – $4.39/g, down 7.2 cents per gallon from $4.46/g last week.
New Hampshire – $4.22/g, down 9.1 cents per gallon from $4.31/g last week.
“The national average is poised to fall back below $4 a gallon today as we see lower gasoline prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel also continues to fall and will likely drop below $5 a gallon soon. We’ve even seen nearly a dozen stations in low-cost states drop below $2.99, a welcome comeback for some lucky motorists. in areas of Texas, Oklahoma, Kansas and Iowa The groundwork is being laid for a ninth week of declines, with parts of the West Coast soon dropping from the $5 per gallon average While I am optimistic, the decline may continue for a few more weeks, we are starting to see some activity in the tropics, which may increase the risk of potential disruptions.”
GasBuddy is the authoritative voice for gas prices and the only source of station-level data. GasBuddy’s survey is updated 288 times daily from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country.
SOURCE: GasBuddy Boston. 8.8.2022