US Gasoline Prices Set To Hit Record Over Labor Day Weekend

GasBuddy data predicted the national average would reach $4.03 per gallon on Monday, compared with the previous Labor Day record of $3.83 set in 2012.

Labor Day is a federal holiday celebrating the US labor movement, and many Americans travel during the long weekend.

Meanwhile, the national average gasoline price stood at about $4.13 per gallon on Thursday, nearly $1 higher than the average a year earlier, according to GasBuddy.

Analysts told Reuters that $4 per gallon represents a “pain point” for US consumers.

As the US aggression on Iran entered its seventh month, rising energy costs have become a key concern for the administration of US President Donald Trump ahead of the November midterm elections.