U.S. gasoline prices heading into Labor Day weekend are the lowest since 2004

The U.S. average regular gasoline retail price as of the Monday before Labor Day weekend is $2.22 per gallon (gal) this year, the lowest level for this time of year since 2004, according to the U.S. Energy Information Administration’s (EIA) weekly gasoline price series. U.S. gasoline prices are relatively low because of continued low demand for gasoline since mid-March, when travel demand fell because of efforts to limit the spread of coronavirus.
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