Labor Day gas prices lowest in 3 years

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BOSTON – With Labor Day and the close to summer driving season on the horizon, gasoline prices this Labor Day are set to be lower than last year for everyone, but some are still putting in more “labor” to fill their tanks, according to GasBuddy.

Price wise, for Labor Day, GasBuddy predicts a national average of $2.55 per gallon, down nearly 30 cents from last year and the lowest priced Labor Day since 2016’s $2.20 per gallon average.

The national average gasoline price on Labor Day itself will likely be the third lowest in the last decade.

Gas prices are likely to face additional headwinds into the autumn as the transition back to cheaper winter gasoline begins in just two weeks while demand for gasoline is also set to begin a seasonal downturn.

By Thanksgiving, GasBuddy estimates that as many as 10,000 gas stations, primarily in: Oklahoma, Texas, Louisiana, South Carolina, Alabama, Mississippi, Missouri but also a handful in the Great Lakes, will drop under $2 per gallon.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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