Labor Day gas prices are the cheapest in years – and likely to continue


High unemployment, low demand for gas and millions of people working from home are likely to continue for years to come.
The AAA’s gas station survey found the average gas price to be regular 9 a gallon, which is ૨ .77 a gallon regularly, paying a year ago. .7 drivers paid.

But gas is also cheaper in most parts of the country. A third of the surveyed gas stations have gas at a rate of less than અનુસાર 2, according to the AL Price Information Service, which compiles gas price data for AAA. Texas, Oklahoma, Louisiana, Alabama, Arkansas, Missouri, Mississippi and Tennessee are the eight states where the average price is below 2.

In 32 states along the east and west coasts, gas prices have not been so cheap on Labor Day weekends in 16 years, OPIS said. That’s right, many states raised gas taxes in the meantime.

Both oil and gas have fluctuated sharply due to low demand for gasoline due to the Kovid-19 epidemic, which has led to a drop in prices.

Even when Hurricane Laura hit some of the oil industry’s sh fosher platforms and rigs, it did little to raise gasoline prices like previous storms in the region.

According to Tom Closa, head of global energy analysis at OPIS, cheaper gas is likely to arrive by the end of the year.

“Once the vacation journey is over, we will continue to see demand for gasoline, which will be significantly lower than what was recorded in 2017, 2018 and 2019.” “Unemployment will limit consumption in the next four months with a sharp cutback in travel with high unemployment and a shortage of recreational facilities.”

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