Labor Day Gas Prices Drop to Lowest Since 2021

As Labor Day weekend kicks off, gas prices are lower across the United States, with the national average projected to be $3.27 per gallon, the cheapest since 2021. This decline is attributed to weaker oil prices, reduced gasoline demand, and fewer major refinery outages compared to last summer. Regional variations show states like Oregon and Washington experiencing significant drops. The U.S. Energy Information Administration reported regional declines, with prices in the Gulf Coast averaging $2.89 per gallon and in the Lower Atlantic at $3.14 per gallon. This drop in fuel costs is expected to save Americans around $750 million over the holiday weekend. Meanwhile, domestic travel is up 9% compared to 2023, despite warnings that gas prices could rise again due to potential hurricanes affecting refineries.