Labor Day Wraps Up Summer Travel
Consumers have seen the most expensive summer at the pump since 2014 with an average of $2.73 per gallon thus far, according to GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop.
The average gas price over Labor Day weekend is expected to be $2.84 per gallon, a 20 cent increase from Labor Day 2017.
“It’s been consistently a more painful summer at the pump than what we’ve been accustomed to when compared to the last few summers,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Without major hurricanes, we should continue to see prices gently decline in the weeks ahead as demand begins to slow into the autumn, wrapping up the priciest summer at the pump since 2014, but overall, with a moderately less sting than what we saw earlier on this decade. Next year may follow in this year’s footsteps with higher Labor Day gas prices, so what we’re upset about this year could bring nostalgic memories next year. Enjoy it while it lasts.”
While gas prices have remained high, motorists have worked hard to fill their tanks. Taking into account the average wages across the nation from the Bureau of Labor Statistics, the average American needs to perform an hour and 48 minutes of labor to earn enough money to fill a tank of gasoline.