Over the Labor Day weekend, gas prices hit their lowest point since the pandemic, settling at a national average of $3.15 per gallon.

Affordable Gas Prices Mark Labor Day 2025

Americans are enjoying a summer of savings at the pump, with gas prices during the recent Labor Day weekend averaging $3.15 per gallon - a four-year low and one cent cheaper than the projected prices for 2021.

The White House has attributed these affordable prices to President Trump's commitment to "unleash American energy" and make everyday life more affordable for families. However, it's important to note that the Trump administration's focus on lowering gasoline prices post-pandemic involves a combination of trade and pricing policies, aiming to reduce costs without implementing broad price controls.

The Midwest has been experiencing a surge in gas prices due to the temporary shutdown of the region's largest refinery in Indiana, caused by storm flooding. This incident has led to higher prices in states such as Michigan, Illinois, Wisconsin, Ohio, and Indiana.

Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the national average increase in gas prices due to the refinery issue. Despite this challenge, De Haan remains optimistic, predicting that as cooler weather approaches, gas prices will also seasonally cool off.

Looking back, the highest gas prices within the past nine years were recorded in 2022 and 2023, with average prices of $3.79 and $3.77, respectively. Thankfully, this year's Labor Day weekend marks the cheapest summer to hit the road since the pandemic.

However, De Haan cautions that geopolitical and environmental factors could cause drivers to see higher prices at the pumps. Factors such as hurricane season, uncertainty over trade, tariffs, and Russia's war on Ukraine could potentially impact gas prices.

Despite these potential challenges, the Trump administration is celebrating the drop in gas prices since the pandemic, attributing it to their energy agenda. The White House spokesperson, Taylor Rogers, stated that Americans have been saving significant money at the pump all summer long due to the cheapest gas prices in five years.

Rogers' statement was made in regards to the gas prices from Memorial Day to Labor Day. She attributed the affordable gas prices to the administration's efforts to ensure more access to natural resources, contributing to affordable and reliable energy.

In conclusion, this Labor Day weekend has seen a significant drop in gas prices, providing a welcome relief for many Americans. However, it's crucial to remain vigilant and prepare for potential future price fluctuations due to various geopolitical and environmental factors.