Aug 26, 2025 - Energy & Climate
Here comes the cheapest Labor Day driving in years
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Average gasoline prices over Labor Day weekend will be lower than in recent years.
Why it matters: Lots of people drive over the holiday weekend, and consumer costs will be a battleground in the midterm elections.
- Gasoline prices have ticked up recently but could be heading back down if predictions of softening oil supply-demand balances come to pass.
- But electricity prices are going the other way, so the politics of energy are getting complicated.
What they're saying: "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."
