Labor Day Gas Prices Set to Plunge: Lowest in 3 Years
Labor Day Gas Price Outlook for 2023
As Labor Day approaches, American drivers are set to benefit from the lowest gas prices seen in three years. According to GasBuddy's annual travel forecast, the average price of gasoline nationwide will drop to $3.27 per gallon, a notable reduction from last year’s $3.77 average.
Significant Savings for Motorists
This anticipated decline represents a 13% decrease in consumer costs compared to the previous Labor Day. With Americans spending approximately $750 million less at the pump compared to the same holiday weekend last year, the financial relief will be palpable for many families planning to travel.
- Average gas price: $3.27 per gallon
- Price reduction: 50 cents from last year
- Projected savings: $750 million this Labor Day
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.