U.S. Gasoline Prices Rise Ahead Of Labor Day Weekend

The average retail price of regular gasoline in the United States has risen by 6% over the past five weeks heading into the Labor Day weekend, the U.S. Energy Information Administration (EIA) said on Thursday. On the Monday before the Labor Day weekend, August 28, 2023, the retail price of regular gasoline averaged $3.81 per gallon across the U.S. Prices have increased by 6%, or by $0.22 per gallon, over the past five weeks, due to oil production cuts by Saudi Arabia, low U.S. gasoline inventories, and announced refinery maintenance in the U.S.…