US EditionLabor Day Gas Prices Lowest Since 2020
The national average gas price dropped to $3.13 per gallon, the lowest since 2020, despite localized refinery outages causing price rises in nearly half of the states, experts said.
- GasBuddy reported the U.S. national average price for a gallon of regular fell to $3.13 this past week, the lowest late-August level since 2020.
- EIA data show gasoline demand fell recently from 9 million b/d to 8.84 million b/d while total domestic gasoline supply and crude oil inventories edged down by 6 million barrels.
- GasBuddy forecasted an average Labor Day weekend price of $3.15 per gallon for 2025, and Patrick De Haan said, `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`.
- With cheaper fuel, daily traffic counts are high, reaching 710,000 drivers on August 29, boosting travel demand over the holiday weekend.
- Regional refinery problems — including BP Whiting refinery's temporary shutdown after flooding — have raised prices in nearly half of states, though winter gasoline transition in mid‑September may ease costs.
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