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The national average price of gasoline hit a record high over Labor Day weekend as new escalations in the war between the U.S. and Iran triggered a spike in oil prices, with Brent crude futures hitting $100 per barrel for the first time since July.
"Average gasoline prices rose in nearly three out of five states over the last week, while diesel surged in every state — with some climbing nearly 50 cents per gallon in just seven days," said Patrick De Haan, head of petroleum **** ysis at GasBuddy, in his weekly newsletter. "The milestone many hoped to avoid has arrived: the national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous mark of $3.83 per gallon set in 2012."
As of Sept. 9, regular gas was $4 per gallon, with diesel sitting at over $5 per gallon, according to AAA. Crude oil prices were trading above $90 per barrel, and Brent crude was above $100 per barrel.
However, despite elevated fuel prices, as a new season approaches, there may be hope for drivers who are feeling the pinch.
#price
The national average price of gasoline hit a record high over Labor Day weekend as new escalations in the war between the U.S. and Iran triggered a spike in oil prices, with Brent crude futures hitting $100 per barrel for the first time since July.
"Average gasoline prices rose in nearly three out of five states over the last week, while diesel surged in every state — with some climbing nearly 50 cents per gallon in just seven days," said Patrick De Haan, head of petroleum **** ysis at GasBuddy, in his weekly newsletter. "The milestone many hoped to avoid has arrived: the national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous mark of $3.83 per gallon set in 2012."
As of Sept. 9, regular gas was $4 per gallon, with diesel sitting at over $5 per gallon, according to AAA. Crude oil prices were trading above $90 per barrel, and Brent crude was above $100 per barrel.
However, despite elevated fuel prices, as a new season approaches, there may be hope for drivers who are feeling the pinch.
#price
2 days ago
