Labor Day gas prices on track to reach their lowest level in 3 years
CBSN
American motorists may be paying significantly less at the pump this Labor Day, with gas prices expected to be the cheapest for the holiday in three years.
Continuing a recent downward trend, the average price of gas nationwide will fall to $3.27 per gallon on Labor Day, GasBuddy predicted in its annual travel forecast for the holiday. The projection has the price running 50 cents below the $3.77 average recorded a year ago, meaning motorists would be paying 13% less.
GasBuddy estimates Americans will spend roughly $750 million less at the pump this Labor Day than they did during the three-day weekend in 2023.
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