Labor Day Gas Prices Expected to Hit Lowest in 5 Years

Gas prices over Labor Day weekend are expected to be the lowest in five years, according to an analysis by GasBuddy.

The fuel savings platform predicted on Tuesday that the average price at the pump this year will be $3.15 per gallon, which is 14 cents lower than the same time last year and the lowest since Labor Day 2020.

“Labor Day marks the unofficial end of summer, and when it comes to gas prices, it’s been the cheapest summer to hit the road since the pandemic, a trend that will likely continue with the potential for the national average to fall below $3 per gallon this fall,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement.