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2h ago

Labor Day Gas Prices Set to Hit $3.15, Lowest Since 2020

Analysts tie the drop to cheaper crude following an OPEC supply surge.

A driver refuels their vehicle in Los Angeles, California, US, on Tuesday, Aug. 28, 2025.
Credit: Johnny Jet
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Overview

  • GasBuddy projects a $3.15 national average for the holiday, down from $3.29 a year ago.
  • AAA reports average prices below $3 a gallon in 15 states, including Georgia, Texas, North Carolina and Iowa.
  • U.S. oil traded below $64 a barrel on Thursday, while federal data show output near 13.4 million barrels per day.
  • Energy traders point to a Saudi-led OPEC production increase as the main force containing prices.
  • The White House credits President Trump’s policies, while GasBuddy warns hurricane season and a recent Indiana refinery outage could slow further declines even as a sub-$3 national average this fall is considered likely.