Fuel prices at record Labor Day high in US thanks to Iran war and refinery issues
It's never been more expensive in the U.S. To fill up the tank and take one last summer trip over the Labor Day weekend.
It's never been more expensive in the U.S. To fill up the tank and take one last summer trip over the Labor Day weekend.
Article outline
- What happened
- The key numbers
- The bottom line
Meanwhile, the average cost of regular gas was $4.14 a gallon heading into the holiday, almost a dollar higher than last year and well above the Labor Day weekend record of $3.82 from 2012, according to AAA motor club.
Nicole Collins planned to head from Philadelphia to South Carolina to visit friends, but she remarked her family has spent most of the summer close to home and not taking their typical weekend trips as driving has gotten so expensive.
"Gas is pretty high right now. It doesn't support that we additionally have a baby, so we additionally have to pay for that, " Collins remarked outside a gas station in Claymont, Delaware, where regular gas was $4.199 a gallon.
Rates shot up after the U.S. And Israel attacked Iran in February and have not settled down since. Crude oil traffic through the key Strait of Hormuz has plunged, and Iran has refused to reopen the waterway.
For now, fuel prices at record Labor Day high in US thanks to Iran remains the part of the story worth watching, and further updates are likely as more details are confirmed.
