Gasoline prices hit record $4.15 on Labor Day as Iran war keeps oil costs high
India, Sept. 7 -- Gas prices have reached a record high for Labor Day this year. The national average price for regular gasoline was $4.15 per gallon on Monday, according to AAA. This is the highest gasoline price ever recorded for the Labor Day holiday.
Drivers have never paid more than $4 a gallon on Labor Day before. The previous Labor Day record was $3.82 per gallon, recorded on September 3, 2012, according to AAA. The record comes during one of the busiest travel weekends of the year.
Labor Day weekend is a major road-trip period, and rental car company Hertz considers it one of the busiest travel weekends of the year. Higher gasoline prices therefore mean many Americans could spend more on holiday travel, according to CNBC.
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