Vermont Gas Prices Soar to Record Levels Ahead of Labor Day

As Labor Day approaches, gas prices in Vermont are on track to reach record-breaking levels. According to data from the American Automobile Association (AAA), the average price of a gallon of regular gasoline has surpassed $4.29, making it one of the most expensive fuel prices since at least 2000.

The main culprit behind this surge is the conflict between the U.S. and Iran, which has caused the cost of crude oil to soar above $90 per barrel, according to the U.S. Energy Information Administration. This accounts for nearly half of the cost of regular gasoline at the pump.

Vermont's high gas prices are also attributed to its rurality and relative scarcity of stations, which can lead to higher costs due to less competition. Additionally, the state's 35-cent per gallon gas tax is higher than that of its neighboring states, Maine and New Hampshire.