Labor Day gas prices are expected to remain steady in 2013, despite being one of the most travel heavy weekends of the summer.
Compared to Labor Day gas prices in 2000, the per gallon cost will be high, but down over 2012 and 2011, estimates expect.
The most current Labor Day gas price predictions come from popular app and site Gas Buddy, which commissioned a study of historical rates to current gas costs as the traditionally expensive to travel weekend approaches.
According to Gas Buddy’s research, the average American needs to work a full nine minutes to pay for a gallon of gas — often just enough to get to work, where we have to put in an additional nine minutes to make up the gas we used to get back home.
The Tacoma News Tribune notes that back in 2000, Americans worked just four minutes and change to earn the cost of a gallon of gas, and back then — you ready for a painful trup down memory lane? Gas cost just $1.52 a gallon, or less than half a small Starbucks latte with no fancy flavors or extra shots. Sob!
The paper reports that the minutes to gas ratio is expected to ease up on Americans a bit after Labor Day comes and goes, reporting:
“GasBuddy analysts predict that retail gasoline prices are likely to slip lower in the last four months of 2013, which in combination with stable incomes should decrease the amount of time necessary to purchase a gallon of fuel for the Thanksgiving and Christmas holidays. Most of the gasoline price attrition through the remainder of the year will be attributable to relaxed gasoline specifications that make it easier to manufacture motor fuel after September 15.”
Experts recommend a prior to Labor Day gas up despite the relative steady gas prices, just in case not all stations get the memo.