SEVERE WX : Freeze Watch View Alerts

Labor Day gas prices are the cheapest in years - and likely to continue

The end of the summer driving season arrives with this weekend with some of cheapest Labor Day gas drivers have enjoyed in years.And...

Posted: Sep 7, 2020 9:38 AM

The end of the summer driving season arrives with this weekend with some of cheapest Labor Day gas drivers have enjoyed in years.

And prices like this are likely to continue through the end of the year, due to a reduced demand for gas from high unemployment and millions continuing to work from home.

A survey of gas stations by AAA puts the average price of gas at $2.22 for a gallon of regular, down 14% from the $2.57 motorists were paying a year ago.

But in much of the country, gas is even cheaper. Nearly a third of gas stations surveyed have gas for less than $2, according to the Oil Price Information Service, which compiles gas price data for AAA. There are eight states - Texas, Oklahoma, Louisiana, Alabama, Arkansas, Missouri, Mississippi, and Tennessee -- where the average price is below $2.

In the 32 states outside the East and West coasts, gas prices haven't been this cheap over Labor Day weekend in 16 years, according to OPIS. That's true even as many states have raised gas taxes during that time.

The reduced demand for gasoline due to the Covid-19 pandemic has caused a glut of both oil and gas, driving down prices.

Even when Hurricane Laura hit some of the oil industry's offshore platforms and rigs, it did little to lift gasoline prices as earlier storms in the region have done.

And cheap gas is likely to be around through the end of the year according to Tom Kloza, OPIS's global head of energy analysis.

"Once vacation travel ends, we'll continue to see gasoline demand that falls well short of what was recorded in 2017, 2018, and 2019," he notes. "The sharp cutback in commuting, together with high unemployment and a lack of recreational venues will limit consumption through the next four months."

Huntsville
Broken Clouds
59° wxIcon
Hi: 67° Lo: 53°
Feels Like: 59°
Florence
Clear
60° wxIcon
Hi: 69° Lo: 51°
Feels Like: 60°
Fayetteville
Clear
59° wxIcon
Hi: 67° Lo: 53°
Feels Like: 59°
Decatur
Clear
59° wxIcon
Hi: 67° Lo: 52°
Feels Like: 59°
Scottsboro
Clear
59° wxIcon
Hi: 67° Lo: 52°
Feels Like: 59°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 162720

Reported Deaths: 2735
CountyConfirmedDeaths
Jefferson24088384
Mobile17166319
Tuscaloosa10641142
Montgomery10576205
Madison961998
Shelby766067
Baldwin688871
Lee666965
Calhoun480663
Marshall450051
Etowah444553
Morgan442835
Houston426535
DeKalb357929
Elmore329258
St. Clair313843
Limestone300333
Walker290293
Talladega277737
Cullman271925
Lauderdale243743
Jackson228218
Autauga214131
Colbert212532
Franklin210732
Blount203925
Russell19993
Chilton192632
Dallas189427
Dale186252
Coffee185111
Covington178729
Escambia176031
Clarke139117
Tallapoosa138587
Chambers138147
Pike137014
Marion111831
Barbour10569
Marengo105322
Butler102041
Geneva9597
Winston95313
Pickens90018
Lawrence89933
Bibb86615
Randolph85316
Hale78330
Cherokee76915
Clay76712
Washington75912
Henry7366
Lowndes72328
Monroe66310
Bullock65117
Crenshaw61630
Fayette60413
Perry6026
Cleburne5819
Conecuh57313
Wilcox57212
Macon55020
Lamar5255
Sumter48721
Choctaw39512
Greene34616
Coosa2193
Out of AL00
Unassigned00

Tennessee Coronavirus Cases

Confirmed Cases: 259488

Reported Deaths: 3341
CountyConfirmedDeaths
Shelby37618571
Davidson32908350
Knox1330196
Rutherford12485116
Hamilton12251111
Williamson749657
Sumner6439117
Wilson495064
Putnam463859
Montgomery442861
Out of TN430436
Sullivan410052
Madison392780
Washington387758
Bradley372923
Maury363039
Blount355441
Sevier353423
Robertson270243
Hamblen256950
Tipton250123
Dyer236338
Unassigned23047
Gibson223449
Coffee201428
Hardeman193933
Greene192755
Obion186527
Anderson184816
Bedford180522
Trousdale17949
Dickson179119
Fayette177427
Lawrence173220
McMinn172939
Carter172136
Cumberland169827
Loudon169713
Wayne16237
Jefferson162224
Weakley161926
Monroe153629
Warren152011
Lauderdale150717
Roane14478
Hardin144423
Henderson144326
Macon138425
Franklin135124
Haywood133428
Hawkins128629
Overton126825
White126615
Johnson12118
Marshall120512
Carroll118127
Cocke116716
McNairy116330
Rhea115121
Cheatham112012
Campbell111613
Bledsoe10404
Smith104014
Giles102238
Lake9924
Lincoln9514
Fentress94812
Crockett91722
Henry84512
Hickman84115
Marion82613
DeKalb79018
Chester74416
Decatur68211
Grainger6414
Grundy60013
Union5604
Claiborne5498
Polk53813
Unicoi4865
Jackson4778
Humphreys4694
Lewis4586
Morgan4587
Benton44110
Cannon4362
Houston43117
Clay42216
Scott4165
Sequatchie3702
Stewart35613
Perry3508
Meigs3396
Pickett2879
Moore2862
Van Buren2132
Hancock1273

Community Events