Gas Prices Hit Record High Ahead of Labor Day

Ad Feedback

Gas prices are at a record high as Americans head into the Labor Day weekend, thanks the Hurricane Isaac.

The American Automobile Association says prices are up two cents a gallon, an average of $3.82 nationally.

The jump follows a five cent spike Wednesday after Isaac hit the oil-rich Gulf.

The price of fuel is already up above $4 a gallon in some parts of the country.

"Four major factors are working to send gas prices higher as Labor Day approaches," Marie Dodds, spokeswoman for AAA Oregon and Idaho, told The Oregonian.

Those factors include, "climbing crude oil prices, domestic supply and distribution issues resulting from refinery and pipeline problems, (Hurricane) Isaac, and higher demand due to the summer driving season," she said.

Prices are expected to break slowly as oil and gas companies restart their operations on the Gulf Coast.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.