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September 5, 2026

Gas Prices Hit Record $4.14 Per Gallon Due to Iran War and Refinery Issues

  • The national average gas price has reached $4.14 per gallon, surpassing the previous Labor Day record of $3.82 from 2012.
  • Prices are nearly $1 higher than last year, affecting consumer spending and travel plans as families reconsider trips.
  • The surge in prices is linked to the ongoing Iran War and refinery issues, with U.S. refineries operating at 98% capacity.

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