Labor Day gas prices could be lowest in three years
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.
GasBuddy is predicting a national average of $2.55 per gallon, down nearly 30 cents from last year and the lowest prices on Labor Day since the $2.20 average in 2016.
The national average gasoline price on Labor Day itself will likely be the third lowest in the last decade, behind 2015 and 2016’s average of $2.42 and $2.20, respectively.
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 predicts 10,000 gas stations, primarily in Oklahoma, Texas, Louisiana, South Carolina, Alabama, Mississippi and Missouri, but also a handful in the Great Lakes, will drop under $2 per gallon, barring any change in U.S. trade relations with China.