This Labor Day, gas prices are slated to rise in some places around the U.S., while declining in other places.
Southern states such as Florida, Georgia and Tennessee will experience higher gas prices than usual this Labor Day. Higher oil prices and refinery issues have led to higher gas prices, according to AAA
.
For motorists, gas prices have hit their highest mark in 50 days. “Fuel prices are likely to remain relatively volatile this week, but that’s unlikely to be a major deterrent for travelers heading into Labor Day weekend,” AAA wrote.
Another reason why gas prices in the South could be rising is due to a tropical storm that may hit the Gulf of Mexico and have a negative effect on oil pipelines.
However, this trend is not expected to be consistent nationwide as other travel experts predict that gas prices will experience an overall decline on Labor Day this year. 35.5 million Americans are slated to travel this year, with more than 86% of them filling up their gas tanks and driving to their destination.
Last year, gas prices reached their lowest figure in 11 years, opening the door for many Americans to take road trips or travel long distances to get home. About 30.4 million drivers hit the road in 2015, marking a 1.1% increase compared to 2014.
Much like this year, gas prices were quite volatile last year due to high crude production in the U.S. and overseas.
