U.S. gas prices hit $4.14 per gallon, a Labor Day record
The Hill1 min read114 words
The average price of gasoline heading into the Labor Day weekend hit a new holiday record of $4.14 per gallon, according to the American Automobile Association’s national tracking average. This surpasses the prior Labor Day high of $3.82 set in 2012, marking the steepest increase for the holiday period in the data series.
The surge in gasoline costs coincided with diesel reaching its all‑time peak on Friday, underscoring broader pressure on fuel markets as travel demand climbs ahead of the long weekend. Analysts note that the combined rise in gasoline and diesel prices reflects ongoing supply constraints and elevated wholesale costs, factors that are likely to keep pump prices elevated through the holiday period.
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