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Record Low Gas Prices Predicted For Labor Day Weekend

gas pump

Gas prices over Labor Day weekend are expected to be the lowest they've been during that time period in a decade.

The national average for regular unleaded gasoline is hovering around $2.47 per gallon, which is nearly a dollar less than this time last year.

Gas prices are also expected to remain low in Indiana, even though they recently spiked due to a temporary closure of a refinery in northern Indiana.

Gasbuddy.com estimated Indiana gas prices on Monday were averaging $2.45 per gallon and falling.

That's good news for travelers, who are opting to take advantage of the low prices.

"It certainly does for most people mark the end of the busy summer travel season, but this is going to be a busy one. We're looking at a projected number that is going to be higher than we've seen in quite a while," Hoosier Motor Club Spokesman Greg Seiter says.

About 35.5 million Americans are expected to travel 50 or more miles from Sept. 3-7. If projections hold, it will be the highest travel on a Labor Day weekend since 2008.

On the downside for travelers, costs for AAA's member hotels have risen about 10 percent this year.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

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