Labor Day Gas Prices Set to Fall to Their Lowest Level in 3 Years
Labor Day Gas Prices Overview
American motorists are likely to witness gas prices at their lowest levels in three years this Labor Day. According to GasBuddy's annual travel forecast, the average price at the pump will settle at just $3.27 per gallon. This figure represents a significant 50 cent drop compared to last year's average of $3.77.
Impact of Gas Prices on Consumers
The projected 13% reduction in prices signifies that individuals will collectively save around $750 million at the pump compared to the previous year. This substantial decrease not only eases the financial burden on households but also has broader implications for holiday travel and spending.
- Current national average: $3.27 per gallon.
- Last year’s average: $3.77 per gallon.
- Total savings: Roughly $750 million.
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.