Gas prices predicted to dip below $2.50 for Labor Day

Getty Images

Gas prices are predicted to dip below $2.50 for the busy Labor Day holiday travel season, according to AAA. 

The auto club said Thursday that the national price of a gallon of regular gasoline will be $2.44 over the Labor Day travel period, which the group has defined the Thursday through Monday surrounding the holiday.

The prediction is nearly $1 cheaper than the average price of gas over the Labor Day holiday in 2014. AAA also said it would be the lowest level for the September holiday weekend since 2004. 

{mosads}“Americans should find good deals on gas prices in most parts of the country heading into the busy Labor Day weekend,” AAA spokesman Avery Ash said in a statement. “It is unbelievable that drivers are ending their summer vacations with the lowest gas prices for this time of year in more than a decade.”

AAA predicted earlier this week that 35.5 million U.S. residents will travel at least 50 miles away from home over the weekend, a 1 percent increase compared to last year. 

AAA said Thursday that U.S. drivers would save more than $1 billion on gas over the Labor Day holiday compared to last year’s spending.

Tags AAA Holiday Travel Forecast Labor Day
See all Hill.TV See all Video

Most Popular

Load more


See all Video