While prices still remain down year over year, the last month has shown a relative uptick as of American Automobile Association (AAA) data from August 28.
Ahead of Labor Day travel, gas prices climbed over the past month, with an average of $3.21 per gallon as of Thursday.
While prices still remain down year over year, the last month has shown a relative uptick as of American Automobile Association (AAA) data from August 28.
„Gas prices have technically come down, but that’s not the full story“, a financial expert told Newsweek, in part.Why It Matters
Gas prices can remain a heavy sore spot for Americans also bogged down by inflation on groceries, housing costs and healthcare.
President Donald Trump made promises during his campaign to lower energy costs for Americans and has issued several executive orders in an attempt to boost America’s energy independence.What To KnowLabor Day 2025: Are Gas Prices Up or Down?
As of Thursday, August 28, the average gas price was $3.21, up from $3.14 the previous month.
This was still an improvement from last year’s gas prices, which averaged at $3.36.
Gas prices vary significantly by state and region, with states such as California and Hawaii having some of the highest in the nation, at $4.59 and $4.47, respectively.
Meanwhile, states in the southern portion of the country tend to boast lower prices, such as in Arkansas, where drivers pay just $2.78.
„Gas prices have technically come down, but that’s not the full story. The real issue is volatility. In my hometown, prices have been swinging nearly 20 cents a day“, Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek.
„One day regular unleaded is $2.97, then overnight it drops to $2.63, only to jump back near $2.92 the following week. The up-and-down movement has been massive.“Why are gas prices so high in the U.
