Gas Prices Hit Labor Day Peak Yesterday. What Did You Pay?

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Did you make a road-trip this weekend? Did you have to buy gas? 

If the answer is yes, then the chances are you found yourself paying the highest price for gas since May, and the highest you’ve ever had to pay for a Labor Day travel.

Highest ever

According to the AAA (via FoxNews), the average price payed in the U.S. per gallon of regular gasoline hit $3.80 over the weekend, with drivers in LA being forced to pay out around $4.14 per gallon. 

It isn’t as high as the $4.40 some Californians had to pay earlier this year to fill up, but it is the highest gas prices ever recorded for a Labor day weekend. 

Seasonal fluctuations

Of course, gasoline prices do tend to follow a natural fluctuation throughout the year, with national holidays like Thanksgiving and Christmas always attracting a small hike in gas prices as demand goes up. 

After the usual summer peak however, gas prices are normally declining by Labor day as families return to work and school. 

Triple bad luck

According to the AAA however, the unusually high gas prices this Labor Day, not to mention the 30.8 cent average gas price rise in August, have three distinct causes. 

First, the price of crude oil remained high during August. 

Second, pipeline disruptions and refinery shutdowns in the MidWest and West Coast areas of the U.S. kept gasoline costs unusually high. 

Finally, many refineries along the Gulf Coast were forced to temporarily close as a consequence of Hurricane Isaac, restricting gasoline supply further.

Will it improve?

According to several sources, including the AAA and GasBuddy.com, prices of gasoline should begin to drop over the coming weeks. 

But with gas prices generally rising year on year, the days of $3.00 -- or even $3.30 -- per gallon of gasoline are well behind most Americans. 

If you filled up your car over the weekend, we’re curious to know just how much you paid per gallon of gasoline, and how far that got you. 

Let us know in the Comments below. 

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Comments (12)
  1. Brace for the flood of comments from EV owners saying how they don't care about the price of gas :)

  2. I don't care about the price of gasoline (and I don't own an electric car)...$1.917/GGE (CNG)!

  3. Hi John. I don't care bout the price of gas!

    Volts GPS says I can get it for as little as $4.04 at the cheapest outlets. Not sure if I will remember how to find that information by the next time I need gas though. Got the Volt last Wednesday, kinda fun.

  4. I payed € 1,809 per litre on Saturday.

  5. Google tells me that is $8.60 $/gallon

  6. I paid $3.80 over the weekend in Tampa. I feel like we used to trend way lower than other states but I guess not.

  7. I plugged my Volt in for $0.18 per KWh...

    I did watch the gas price since the other cars in my family are ICE cars... But we didn't drive them this weekend...

  8. Of course, the lousy energy policy of Obama has taxed the poorest in the name of "Goregreen". Not only did he waste billions in grants incentives and loans to fairytale ideas, but has effectively delayed the real move to alternative fuels by artificially diverting private capital to these overfunded, under thoughtout concepts. An aggressive responsible energy discovery program started 4 years ago, would have created millions of real jobs and possible energy sufficiency by this time. Also, the budget deficit would not be as large. Instead we are selling US drill sites to non us buyers and allowing the expensive battery research to be sold to the Chinese for less than 1 cent of every dollar invested. Cheap energy makes for strong USA, history

  9. $3.59/gallon on a car that normally gets 15 mpg but is getting 21-22 mpg's.

    Peace

  10. I bought gas back in May but I heard it's around $4 everywhere in CT now...

    MrEnergyCzar

  11. I paied 4.69 per gallon in Gerlac city NV monday
    probaly the most expensive in the US

  12. @Mark: So you were coming back from the playa too? :)

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