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Labor Day gas prices hit 4-year high — and probably won’t drop much after the holiday

August 30, 2018

The summer driving season will end much like it began, with American motorists paying the highest price at the gasoline pump in four years.

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.

Analysts warn that Americans shouldn’t expect much relief beyond Labor Day.

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