Labor Day Gas Prices Fall to Lowest Since 2020 Nationwide

GasBuddy forecasts that average gas prices for Labor Day weekend 2025 will be $3.15 per gallon, marking the lowest holiday price since 2020 and a 14-cent decrease from the previous year. This trend reflects the most affordable summer for travel since the pandemic, although nearly half of the states have seen recent price increases due to localized refinery outages. Experts anticipate gas prices to further decline with the seasonal transition to winter gasoline and reduced demand as summer ends. In Texas, gas prices are notably lower than the national average, with an average of $2.74 per gallon and expectations that prices will remain subdued through Labor Day due to steady supply and lower crude oil costs. Similarly, North Carolina motorists enjoy prices about 30 cents below the national average, with regional variations and the impact of summer blend fuel regulations keeping prices slightly higher during the season. Overall, despite some challenges like hurricane season and geopolitical uncertainties, analysts remain optimistic about continued affordability at the pump heading into fall.