Labor Day On Track to Set Record at the Pump

WASHINGTON, DC–Labor Day weekend travelers are facing the highest gas prices ever for this time of year. The national average is $4.14, up 4 cents from last week. Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range. After a record-setting August, this Labor Day weekend is on track to also set a record at the pump. The national average has never been above $4 per gallon on Labor Day. The current Labor Day record is $3.82, set on September 3, 2012. Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil.

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 42 cents.

For the complete fuel report, including the latest EIA data, state gas and EV charging price trends, and oil market dynamics, please visit AAA Fuel Site.