US fuel prices reach high Labor Day levels

Gas prices in the U.S. have reached record highs, with the national average for regular gasoline at $4.14 per gallon during Labor Day weekend, significantly higher than last year. Prices surged following increased geopolitical tensions involving Iran and disruptions in crude oil supply through the Strait of Hormuz. Diesel prices also hit a record, averaging $5.85 per gallon, impacting transportation costs across the country. Experts cite ongoing Middle East conflicts and refinery capacity issues as key factors influencing the sustained high prices.

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