Travelers who are getting ready to embark on Labor Day road trips are in luck, as the average price of a gallon of gasoline has been falling in recent weeks. According to Reuters, drivers throughout the U.S. can reap the benefits of prices around $3.55 per gallon in the last week of August, compared to an average cost of $3.58 per gallon at the beginning of the month.
Not only has the price of gas been falling throughout the summer, but it is also lower than it was at this time last year. Costs were about 20 cents higher at this time in 2012, the news source reported. While it may be one of the more expensive Labor Day gas prices on record, the decrease from recent years is a welcome relief.
Despite the good news surrounding gas prices, many Americans are wary. Recent turmoil in Syria and the Middle East could send average prices soaring. Already there are predictions that costs could start increasing, and the rising prices may extend to things like auto repair and new vehicle expenses.
"The potential risk could break the recent trend of very stable prices at the pump," said Michael Green, AAA spokesman, as quoted by MarketWatch. "Higher futures prices do not always translate to higher pump prices, but it should be a concern for motorists with Labor Day approaching."