FROM FOX BUSINESS: This Labor Day, motorists will see the lowest gas prices in half a decade.
GasBuddy projects the national average at $3.15 a gallon — the cheapest holiday weekend at the pump since 2020, when the COVID-19 pandemic brought global travel to a halt.
In 2024, gas prices stood at $3.29 per gallon, and the year prior reached $3.77.
Drivers in certain regions of the country can now find gasoline prices below $3 per gallon. As of Thursday, AAA, the automotive and trip-planning group, reported that the average price is below $3 per gallon in 15 states, including Georgia, Texas, North Carolina, and Iowa.
“Thanks to President Trump fully unleashing American energy dominance, gas prices this summer are at five-year lows and families are saving significant money at the pump,” White House press secretary Karoline Leavitt said. “President Trump ended Joe Biden’s green new scam policies and is making America affordable again.”
Meanwhile California is reporting a jump in gas pries overall.
The LA Times reports:
Gas prices have increased by 10 cents or more in the last week across most of Southern California — only the second time this year that the region has seen increases of that magnitude, the Auto Club of Southern California said in a statement Thursday.
Statewide, the average cost per gallon was $4.59 as of Friday, up nearly 8 cents from a week ago and a jump of 12 cents from last month, according to the American Automobile Assn.
“Also, for the first time this year in some Southern California areas, pump prices are higher than they were on this date in 2024,” Auto Club spokesperson Doug Shupe said in a release.
Shupe attributed the increases to unplanned refinery maintenance that spiked wholesale prices last weekend.
