It has been more than a decade since Americans entered a Labor Day weekend with gasoline prices as low as they are today.
For landscape contractors, gasoline quality – namely, its alcohol content – typically has been as much of a concern as its price. But, as the 2015 growing season winds down, the summer’s steady decline of fuel prices since mid-June has got to bode well for the green industry’s year-end balance sheets.
The national average price of gas was $2.44 per gallon on Thursday, according to AAA. That’s 99 cents per gallon less than a year ago. U.S. consumers should save more than $1 billion on gasoline over the holiday weekend compared with 2014, with many drivers saving about $15-$25 on every trip to the gas station.
“Americans should find good deals on gas prices in most parts of the country heading into the busy Labor Day weekend,” said Avery Ash, AAA spokesman. “It is unbelievable that drivers are ending their summer vacations with the lowest gas prices for this time of year in more than a decade.”
Average U.S. gas prices have dropped about 37 cents per gallon since hitting a 2015 peak price of $2.80 on June 15. Average gas prices have dropped due to lower crude oil costs and abundant petroleum supplies.
The price of gasoline averaged $2.60 per gallon in August, which was the lowest average for the month since 2005 and down about 15 cents a gallon from July of this year.