Monday, August 19, 2024 As Labor Day weekend approaches, travelers preparing for road trips are set to benefit from lower gas prices compared to last year. According to AAA, the national average for gasoline over Labor Day weekend in 2023 was $3.81 per gallon.
However, in recent weeks, gas prices have remained steady, hovering around $3.50 per gallon. This decrease in gas prices is a welcome relief for drivers who are planning to hit the road for one last summer getaway.
The drop in gas prices this Labor Day weekend is attributed to several factors. One of the primary reasons is the decrease in overall gas demand. Despite the continued popularity of summer road trips, the way people drive on a daily basis has changed significantly since the pandemic.
With more people working from home and fewer commuters on the road, the overall demand for gasoline has dropped, preventing a spike in pump prices that is often seen during peak travel seasons. The current average of $3.50 per gallon is a noticeable decrease from last year’s average of $3.
81. This reduction in gas prices means that travelers can expect to spend less on fuel for their road trips, making it a more cost-effective option for those looking to enjoy a final summer vacation before the fall season begins. While the current gas prices are favorable for road trippers, it is important to note that the peak of hurricane season is approaching in September.
Hurricanes that hit the Gulf of Mexico can have a significant impact.