Labor Day gas prices are headed for three-year lows
CNN
Labor Day weekend travelers can look forward to much lower prices at the gas pump.
Labor Day weekend travelers can look forward to lower prices at the gas pump. GasBuddy is projecting the national average price of gas on Labor Day will be $3.27 a gallon – the cheapest for the holiday since 2021. That amounts to a decline of 50 cents, or 13%, from Labor Day last year, and 52 cents from Labor Day 2022. And it’s not far from the 2021 Labor Day average of $3.16 a gallon. During the holiday weekend, Americans are projected to spend about $750 million less on gas than they did last year, according to GasBuddy. “This is a really good situation,” said Tom Kloza, global head of energy analysis at the Oil Price Information Service. In fact, drivers in some US states are enjoying an even bigger drop in prices at the pump.
