August 31, 2014
This year, the day before Labor Day (2014), the national average price of gasoline is $3.43 per gallon. Last Labor Day (2013) it was $3.59. You have to go back four years to 2010 to find Labor Day gas prices as low as they are now. You have to go back even further to find the all-time high national average price for gasoline. That would be during President Bush’s last year in office and during the economic meltdown. The all-time high national average price for gasoline (non-inflation adjusted) was $4.11 per gallon on July 7, 2008.