Motorists traveling over the Labor Day weekend can expect to see an average of $2.84 per gallon of gasoline. That’s a 20 cent increase from Labor Day 2017.
According to a news release from Gas Buddy, consumers have seen the most expensive summer at the pump since 2014, with an average of $2.73 per gallon thus far. On average, motorists have shelled of more than $1.11 billion per day on gasoline purchases this season, up from a decade low of $912 million per day in the summer of 2016.
However, Head of Petroleum Analysis Patrick DeHaan stated that what we’re upset about this year could bring nostalgic memories next year since 2019 may follow in the footsteps of this year with higher Labor Day gas prices anticipated.
Fortunately, gas prices are expected to go down a bit before then. DeHaan reports that as long as there are no major hurricanes, we should continue to see prices gently decline in the weeks ahead as demand begins to slow into the autumn.
If you want to know how to get the best deal before fueling up, stop by GasBuddy.com.
