Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid the ongoing conflict in the Strait of Hormuz.
The national average for regular gasoline reached $4.15 a gallon Friday, up 4 cents from a week earlier, according to AAA data. Diesel hit a record of $5.85 a gallon, eclipsing its prior mark of $5.81 in June 2022.
Gas prices have never topped $4 per gallon on Labor Day, the motor club noted.
“Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil,” AAA said in a report.
https://www.cbsnews.com/news/diesel-fuel-prices-record-gas-august/
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