Gas prices set record for Labor Day weekend

Americans are facing record-high gas prices this Labor Day weekend, with the national average reaching $4.15 per gallon on Friday. AAA anticipates this will be the most expensive Labor Day on record for fuel, surpassing the previous high of $3.82 set in 2012. The surge in prices is attributed to elevated crude oil costs, which have been impacted by the conflict in the Strait of Hormuz and subsequent closure of the waterway. The national average had peaked at approximately $4.56 per gallon in May before fluctuating through the end of August. Despite typical seasonal decreases in demand that usually lower prices, this year's trend is driven by the high cost of crude oil. Some promotions, like discounts from Chevron and Maverik, offer ways for consumers to potentially save on fuel.