It’s something of a shock to think that $3.48/gallon for regular gas is a bargain, but gas prices are falling and the average U.S. price is expected to be at a four-year low over this Labor Day weekend.
According to the Lundberg Survey released Sunday, the national average — $3.48 per gallon — is eight cents lower than where it was last year.
The lowest price nationwide was Jackson, Mississippi at $3.11 per gallon. San Francisco, California saw the highest price at $3.92.
“Record-high oil production is keeping downward pressure on gas prices,” said AAA spokesman Mark Jenkins, in a release. “The bottom fell out again on oil prices last week, which should lead to another week of discounts at the pump despite rising demand, as 29.7 million Americans plan to take a road trip for Labor Day weekend.”
Gas prices have fallen $1.00 per gallon since their record high in June of 2008.