Labor Day 2026 saw the most expensive gas prices in American history, with US averages at $4.15 per gallon. Donald Trump reiterated his promise for sub-$2 gasoline, now contingent on winning the war in Iran, after failing to deliver on this commitment since 2024. The nation broke the previous record of $3.82 per gallon set during the 2012 Labor Day crisis. The US joined Israel’s airstrikes on Iran on March 10, 2026, launching Operation Epic Fury, which spiked gas prices higher. A Venezuela oil deal announced August 28 is not expected to impact prices for years, according to experts.
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