Labor Day gas prices hit 4 year high, more than likely won’t drop much after the Holiday

John Dato pumps gas at a 76 station in West Covina, Calif.

The national average gasoline price remains near a four-year high, about 43 cents per gallon above last year’s levels. Will this have an impact on the 2018 midterm elections? It absolutely could if GOP lawmakers do not fix it, and fast.

Gas prices have barely budged this summer, with the national average for regular gasoline hovering around $2.85 a gallon since mid-June. That’s down slightly from a high of nearly $3 at the end of May, but it’s still about 43 cents a gallon more than drivers paid at this time last year.

“I’m expecting towards the latter half of September gasoline prices will come off 10 cents a gallon,” said Andrew Lipow, president of Lipow Oil Associates. “I think that they will be a little bit more elevated than in previous years.”

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