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#LaborDayGasRecord

Q: What is LaborDayGasRecord?

LaborDayGasRecord is Supply risk around the Strait of Hormuz keeps crude elevated, and the cost has reached the pump. AAA data shows the US average for regular gasoline at about $4.15/gal as of Sep 5, a Labor Day record. The prior Labor Day high was $3.82 in 2012, and the national average had never topped $4 on the holiday. Diesel hit about $5.85/gal on Sep 3, an all-time high above the Jun 2022 peak. AAA notes gas demand usually eases this time of year and pulls prices down, but crude near $90 is overriding it.. Follow this topic on OKX Orbit for the latest community posts and token insights.

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About LaborDayGasRecord

Supply risk around the Strait of Hormuz keeps crude elevated, and the cost has reached the pump. AAA data shows the US average for regular gasoline at about $4.15/gal as of Sep 5, a Labor Day record. The prior Labor Day high was $3.82 in 2012, and the national average had never topped $4 on the holiday. Diesel hit about $5.85/gal on Sep 3, an all-time high above the Jun 2022 peak. AAA notes gas demand usually eases this time of year and pulls prices down, but crude near $90 is overriding it.

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