Labor Day weekend gas prices to reach historic high as Iran war takes its toll

Jump to contentAllNewsSportCultureLifestyleThe average price for a gallon is expected to be over $4 this Labor Day weekend (Getty)American motorists are confronting historic fuel prices over Labor Day weekend, with the national average expected to reach $4.03 per gallon, comfortably surpassing the previous record of $3.83 set in 2012. The surge in gas prices is primarily driven by escalating conflict in the Middle East pushing crude oil above $90 a barrel, along with attacks on Russian refining infrastructure that have tightened global fuel supplies. Sustained high fuel costs are creating significant political pressure for President Donald Trump and the Republican Party as political campaigns launch for the upcoming midterm Congressional elections. Supply issues remain critical as domestic gasoline inventories have dropped below the five-year August average to 205.7 million barrels, despite US refineries operating at an intense 98 percent capacity. Consumers are facing broader travel cost increases across the country, as diesel prices hit record levels and Labor Day airline fares jump roughly 20 percent compared to last year. In fullAmericans face record-high gas prices over Labor Day weekend: ‘It’s completely out of control’More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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