Marilyn Buskohl
Public Affairs Director
O: (605) 310-4614
C: (605) 367-3964
Marilyn.buskohl@aaasd.org

National Gas Price Average for Labor Day on Track to Be Cheapest in Three Years

August 26, 2019 - At $2.59, the national gas price average is poised to be potentially 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). 

“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 Marilyn Buskohl, 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.”

South Dakota Gas Prices

Today

$2.61

Yesterday

$2.62

Last week

$2.65

Last month

$2.73

Last year

$2.82


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. 

Quick Stats

  • The nation’s top 10 largest yearly decreases: Idaho (-43 cents), Louisiana (-38 cents), Indiana (-38 cents), Florida (-36 cents), Kentucky (-35 cents), Delaware (-35 cents), Utah (-35 cents), Mississippi (-35 cents), Alaska (-34 cents) and Oklahoma (-34 cents). 
  • The nation’s top 10 most expensive markets: Hawaii ($3.64), California ($3.57), Washington ($3.21), Nevada ($3.13), Oregon ($3.05), Alaska ($3.00), Utah ($2.85), Idaho ($2.82), Arizona ($2.81) and New York ($2.79).

Central States and Great Lakes Region

While Indiana (-10 cents) had the largest and only double-digit pump price decrease on the week in the region and the country, the majority of Great Lakes and Central states, saw pump prices push cheaper by as much as three cents. At $2.70, Michigan’s average increased two cents on the week and was one of only two states in the country to see an increase.

All states in the region are averaging a year-over-year pump savings of 20 cents or more except Illinois (-13 cents), which is at the lowest end of the price drop spectrum in the region.

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI decreased by $1.15 to settle at $54.17. Crude prices strengthened after the EIA revealed that total domestic crude inventories fell by 2.7 million bbl. Then on Friday, crude oil prices took a downward turn as a result of continued trade tensions between the U.S. and China. Reuters reported that oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against $75 billion worth of U.S. goods. In response, President Trump tweeted that he would raise tariffs on $250 billion in Chinese goods from 25 to 30 percent on October 1. He also added that a tariff announced earlier this year and scheduled to go into effect on September 1 would now be raised to 15 percent. Market watchers will keep a close eye on U.S.-China trade talks and the impact increasing tariff costs could have on global crude oil demand. If the trade tension between the countries continues, crude prices will likely decline further.

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.

TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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