GasBuddy predicts record Labor Day gas prices amid global tensions

GasBuddy and regional reports show Labor Day gas prices poised to hit record highs again, with national averages around $4 per gallon and regional spikes that vary by state. The elevated costs are linked to ongoing geopolitical tensions, including Iran-related supply disruptions through the Strait of Hormuz and refinery slowdowns sparked by drone activity in Russia, which have widened crude-price and crack-spread gaps. California, Oregon, and Washington drivers face higher averages than the national mark, with Washington state and Oregon regionals often posting prices above $5 per gallon at times, while Michigan also sees prices clustering around the mid-$4s. Analysts emphasize that while prices may remain volatile in the near term, a seasonal shift back to cheaper winter gasoline could relieve price pressure later in September. The price dynamics reflect a year of persistent ups and downs at the pump, with motorists paying notably more than last year and some regions experiencing the largest yearly increases on record. Consumers should expect variability and potential relief only if geopolitical tensions ease and seasonal fuel transitions proceed as usual.