Labor Day gas prices to be lowest since 2010 - KTRE.com | Lufkin and Nacogdoches, Texas

Labor Day gas prices to be lowest since 2010

This driver fills up at a Tyler gas station. (Source: KLTV Staff) This driver fills up at a Tyler gas station. (Source: KLTV Staff)
Air travel was busy over the Labor Day weekend. (Source: KLTV Staff) Air travel was busy over the Labor Day weekend. (Source: KLTV Staff)
TYLER, TX (KLTV) -

Labor Day weekend is notorious for travel horror stories. Airport delays, traffic back-ups, and the cost of it all can be daunting, but this year there is some good news for Labor Day travelers. Gas prices are expected to be the lowest Labor Day prices since the 2010 holiday.

One driver in Tyler, who calls himself Hangman, has already driven 300 miles this Labor Day Weekend and has filled up several times in the last couple days.

“I've noticed they've been going down for the last couple weeks,” Hangman said.

For those who chose wings over wheels this holiday weekend Tyler Pounds Regional Airport's parking lot was packed.

“It's actually worth the money to not have to deal with the traffic,” Jason Sauder, who flew in from Philadelphia, said. “Flying all the way into Dallas, deal with getting in and out of the airport, to just come here and walk in and walk out of the airport.”

But, this weekend filling up might just be worth the money. A recent study projects the lowest holiday gas prices since 2010.

“I've got friends that are overseas that tell me the gas prices overseas are, you know, like two dollars a gallon,” Hangman said.

That study said areas that get gasoline from the US gulf coast, like Texas, will see the cheapest gas prices.

“Actually, New Jersey's one of the cheaper states for gas, so I don't really notice it,” Sauder explained.

Experts explained that violence in the middle east and uncertainty about Russian energy supplies have not altered the oil supply yet.

“Well, I've noticed that they're a lot cheaper than the west coast for sure,” Hangman said of gas prices in Texas.

A lack of major hurricanes, which usually increases oil prices, is another factor.

“i'm sure I'll be doing a lot of driving so hopefully. I'm glad it's low,” Sauder said.

The national average is $3.45 which is about two cents cheaper than last week and nearly 10 cents cheaper than one year ago.

“If they were five bucks a gallon I'm still going to be on that,” Hangman said as he pointed at his motorcycle.

Labor Day weekend marks the conclusion of summer driving season so demand will drop off and so will prices. Gas prices have been fallings since July and experts said they will likely continue to drop through autumn. Experts predict the national average this fall will drop to around $3.30, but some states could see average below $3.00.

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