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Gas Price Report: Week of Aug. 26, 2019

The country may see the cheapest Labor Day weekend gas prices in three years as the national average continues to fall.

After months pushing toward $3.00 this spring, the national gas price average lands at $2.59 on the last week of August. This drop means the country’s gas price average is poised to potentially be the cheapest Labor Day weekend average in three years. Today’s average is already nearly a quarter cheaper than during last year’s holiday ($2.83) and four cents cheaper than 2017’s Labor Day ($2.63).

Heading into Labor Day weekend last year, Mid-Atlantic and Northeast state gas price averages ranged from $2.59 – $3.03. This year they are $2.29 – $2.79.

“For Americans who bookend summer with road trips, they will find gas prices this coming weekend that are cheaper than this past Memorial Day and last year’s Labor Day holiday,” said Jeanette Casselano, AAA spokesperson. “At the start of the week, two-thirds of all states have gas price averages that are nearly a quarter cheaper than last year.”

While some states may see gas prices increase by a few pennies ahead of the holiday weekend, which isn’t atypical, any jumps will be short-term.

National average: $2.59

Local state averages:

CT: $2.77        MA: $2.66       NH: $2.54       NJ: $2.65         NY: $2.79       RI: $2.60

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Historical Context

This week in history: Aug. 28, 1963

Martin Luther King, Jr. delivers his iconic “I Have a Dream” speech at the Lincoln Memorial for the 1963 March on Washington.

National gas price average in 1963: $0.30

Cost to fill a tank (1963/2019):

Jeep Gladiator

$6.60/$56.98

Hyundai Palisade

$5.64/$48.69

KIA Soul

$4.29/$37.04

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/Mobile.

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