Labor Day weekend gas prices are projected to be the lowest since the pandemic year of 2020, according to a Tuesday analysis from GasBuddy.
The company estimates fuel will average $3.15 per gallon nationwide, marking what it called the “cheapest summer” for gas since COVID-19 struck. Last year, prices stood at $3.29 per gallon, and at $3.77 the year before.
“We’ve seen a remarkably affordable summer to hit the road with incomes up and gas prices down, but there are some challenges that remain: hurricane season and uncertainty over trade, tariffs and Russia’s war on Ukraine,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, I remain optimistic that as cooler weather invades, gas prices too, will seasonally cool off.”
The White House also touted the trend. “From Memorial Day to Labor Day, Americans have been saving significant money at the pump all summer long with the cheapest gas prices in five years,” said spokesperson Taylor Rogers. “President Trump promised to unleash American energy and make everyday life more affordable for families, and he delivered.”
Despite the overall drop, GasBuddy noted that nearly half of all states have seen localized price hikes in the past month due to refinery outages.
The highest average U.S. gas prices during Joe Biden’s presidency peaked at approximately $5.01 per gallon in June 2022, according to data from the Associated Press.
More over at The Hill:
Labor Day gas prices lowest since 2020https://t.co/idkjOAc53E
— Karoline Leavitt (@PressSec) August 28, 2025
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