Labor Day weekend fuel costs are anticipated to be the bottom since 2020 when the COVID-19 pandemic struck the nation, in keeping with GasBuddy’s Tuesday evaluation.
The projected value of gasoline will likely be $3.15 per gallon, in keeping with the corporate, which tracks nationwide fuel costs. Officers stated this will likely be “cheapest summer” for fuel costs because the pandemic.
“We’ve seen a remarkably affordable summer to hit the road with incomes up and gas prices down, but there are some challenges that remain: hurricane season and uncertainty over trade, tariffs and Russia’s war on Ukraine,” stated Patrick De Haan, head of petroleum evaluation at GasBuddy, in an announcement.
“However, I remain optimistic that as cooler weather invades, gas prices too, will seasonally cool off,” he added.
Final 12 months, fuel costs had been tagged at $3.29 per gallon, and so they had been $3.77 per gallon the 12 months prior.
Regardless of value drops, fuel costs in practically half of all states have risen previously month as a result of localized refinery outages.
