Gas Prices Reach Record High for Labor Day Weekend in 2026
On Monday, September 7, 2026, the national average price for regular unleaded gasoline reached $4.15 per gallon during the Labor Day weekend, according to AAA — a record high for this holiday period and surpassing the previous benchmark of $3.82 from 2012. Diesel prices also hit an all-time high at $5.90 per gallon, up significantly compared to last year's levels. The surge in fuel costs is attributed primarily to disruptions caused by the Iran War since February 28 and ongoing issues related to the Russia-Ukraine conflict. The war has severely restricted crude oil flow through the Strait of Hormuz, reducing throughput from over 21 million barrels per day before the conflict to just under 5 million in Q2. Crude prices have risen sharply as a result — West Texas Intermediate futures reached $92/barrel and Brent crude hit nearly $97/barrel compared to levels below $68–$73 at the start of hostilities. Despite seasonal declines typically seen after summer, elevated oil costs continue to push gas prices upward. Domestic gasoline stocks are also running lower than average due to refinery damage from ongoing conflicts. However, some relief may be on the way with an early switch to winter-blend fuel and potential price drops by November if geopolitical tensions ease.
Topics: gas prices Iran War Labor Day weekend oil supply disruption