Labor Day Gas Prices Heading Downward

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As Labor Day weekend nears, summer vacationers are expected to see the cheapest pump prices in three years as international crude oil prices continue to slide on international trade concerns, according to AAA.

In Arkansas, Labor Day motorists will see some of the lowest gas prices in the nation heading into the fall as the seasonal demand for high-grade gasoline wanes and refiners switch over to winter-blend fuels. Although prices often tend to see a temporary bump heading into the official Labor Day holiday – which begins on Wednesday and runs through Tuesday, Sept. 3 – the national average has dropped two cents in the past week and is 24 cents cheaper than a year ago.

“For Americans who bookend summer with road trips, they will find gas prices this coming weekend that are cheaper than this past Memorial Day and last year’s Labor Day holiday,” said Jeanette Casselano, AAA spokesperson. “At the start of the week, two-thirds of all states have gas price averages that are nearly a quarter cheaper than last year.”     MORE

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