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Gas Prices Hit Record High for Labor Day | US News
Gas prices hit an all-time high for Labor Day, averaging $4.15 a gallon — shattering the 2012 record — with some stations in Chicago charging over $5.60. Despite a drop from May’s peak, prices remain 30% higher than last year’s $3.20 average. The usual post-summer dip hasn’t materialized due to stubbornly high crude oil costs and tight U.S. inventories. Diesel also surged, hitting $5.90. Global supply disruptions, refinery damage, and low stockpiles are fueling the spike — but there’s a glimmer of hope: the EPA is allowing cheaper winter-blend gas to hit pumps two weeks early in September…
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