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Reading: US Gas Prices Hit Record Labour Day High Above $4 a Gallon
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Donald Trump in the foreground with a petrol pump nozzle and a fuel price sign showing $6.39 per gallon in the background.
PhotoNews Pakistan > Business > US Gas Prices Hit Record Labour Day High Above $4 a Gallon
Business

US Gas Prices Hit Record Labour Day High Above $4 a Gallon

Web Desk
By Web Desk Published September 7, 2026 2 Min Read
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Composite image shows US President Donald Trump stands in front of a gas pump and fuel price display in a graphic about petrol prices. Image Credit: Radar Online
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WASHINGTON, United States: US gas prices reached a record high on Labour Day, with regular gasoline averaging $4.14 a gallon heading into the holiday.

According to motor club AAA, the price was nearly USD 1 above a year earlier and surpassed the previous Labour Day weekend record of USD 3.82 per gallon set in 2012.

Diesel also reached a record on Friday, averaging $5.85 a gallon nationwide, according to the Associated Press report. Gasoline had never previously averaged more than $4 a gallon over Labour Day.

The AP report linked the rise to disruption in global fuel supplies following the conflict involving the United States, Israel and Iran. Crude oil traffic through the Strait of Hormuz has fallen sharply during the confrontation.

Gasoline prices, over $4 per gallon, hit record high for Labor Day https://t.co/yAAlnIXSjE

— CNBC (@CNBC) September 7, 2026

Read: Oil Prices Rise as Brent Nears $97 on Hormuz Attacks

Tom Seng, professor of energy finance at Texas Christian University, pointed to the Iran conflict and disruption around the Strait of Hormuz as major drivers of higher prices.

Higher pump prices have also affected household travel. Nicole Collins said her family had reduced weekend trips during the summer because driving had become more expensive.

Read: US-Venezuela Oil Deal Gives Pentagon 35% Stake in NABEP

US Energy Secretary Chris Wright acknowledged that fuel prices were higher than during Labour Day 2025 but offered no specific timetable for when motorists could expect relief.

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