Gas prices in U.S. hit record Labor Day high, thanks to Iran war and refinery issues
Also reported by CBS News
Summary
Gas prices in the United States reached a new high for the Labor Day weekend, averaging $4.14 per gallon. This price is almost one dollar more than last year and surpasses the previous Labor Day record of $3.82 set in 2012.Key Facts
- The average price for regular gasoline was $4.14 per gallon before Labor Day weekend.
- This price is about $1 higher than the same time last year.
- It is the highest Labor Day weekend gas price on record.
- The previous record for Labor Day gas prices was $3.82 per gallon in 2012.
- Factors like issues with oil refineries and conflicts involving Iran have contributed to the price increase.
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