Gas Prices This Labor Day Could Be Highest in 14 Years as US-Iran Conflict Continues
GasBuddy says geopolitical disruptions and tight refining margins could keep prices elevated into the fall.
- GasBuddy projects a record national average of $4.03 per gallon for the Labor Day weekend, marking the highest holiday gas price on record and surpassing the 2012 peak of $3.83 per gallon.
- Geopolitical tensions involving Iran and drone strikes on Russian refineries have disrupted global oil supplies and tightened markets, keeping gas prices elevated throughout the summer.
- The projected 2026 average is 87 cents higher than in 2025, with record refining margins, or "crack spreads," disconnecting crude oil prices from fuel costs.
- President Donald Trump announced a new oil deal with Venezuela, asserting higher prices are necessary to restrain Iran, while Vice President Vance stated the administration's priority remains keeping energy costs low for Americans.
- Motorists may see relief after Labor Day as gasoline demand decelerates and the nation transitions to cheaper winter-blend fuel after Sept. 15, though ongoing supply disruptions could keep prices elevated.
20 Articles
20 Articles
A Miserable Labor Day at the Gas Pumps
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Hang Onto Your Wallets: Gas Buddy Projects Highest Labor Day Fuel Prices in U.S. History
Summer is winding down, but gas prices are climbing up. New projections from Gas Buddy forecast the most expensive Labor Day fuel prices on record. And after Trump launched more strikes on Iran this week, prices at the pump are rocketing even higher. REMINDER: Every single vulnerable House Republican voted to fund Trump’s reckless war of choice in Iran. DCCC Spokesperson […]
The Independent
The Independent (US)Gas prices to soar this Labor Day as Trump’s war on Iran keeps costs high
Gas prices may reach as high as $4.03 a gallon over the holiday weekend, one expert warned
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