Diesel prices have moved closer to the $6.00 per gallon level, having been targeted at around $5.80 a week earlier.
The American Automobile Association (AAA) noted on September 3, 2026 that Labor Day gasoline prices are on track to set a record, with the national average at $4.14 per gallon, up four cents from the previous week. This exceeds the prior Labor Day high of $3.82 set on September 3, 2012, and marks the first time the average has surpassed $4.00 on the holiday.
Continued volatility in the Strait of Hormuz has kept crude oil prices in the $90 per barrel range, supporting the elevated fuel costs. Despite typical seasonal declines in gasoline demand, the high crude oil price environment has prevented the usual price drop this year.
