Americans hit with record gasoline prices

Express Tribune reported that Americans face record-high gasoline prices over the Labour Day weekend, as the ongoing conflict in the Middle East keeps energy costs elevated. GasBuddy analyst Patrick De Haan expects the national average to reach $4.03 a gallon on Labour Day, well above the former high of $3.83 set in 2012.

In a blog post, De Haan said gasoline is not at its all-time peak, yet current prices are the highest for this point in the year. He added that Americans could, for the first time, see the national average rise above the $4 mark on Labour Day. This would exceed the earlier record set in 2012. The timing coincides with the start of political campaigns for the US midterm Congressional elections.