Gas prices surged to a new Labor Day record, hitting $4.14 per gallon—exceeding the prior peak of $3.82 set in 2012—amid broader fuel market pressures. The spike follows diesel reaching its highest-ever price, compounding concerns over rising transportation costs ahead of the holiday weekend. With inflation and supply factors driving costs upward, drivers face some of the steepest prices in years. The trend underscores growing economic strain on consumers as summer travel season winds down.
The average price of gas going into this Labor Day weekend reached a record holiday high compared to past years at $4.14 a gallon, according to a national tracking average from AAA. The previous record for Labor Day was $3.82 in 2012. The high price for fuel comes as diesel hit its highest price ever on Friday,...