Record Streak of $3/Gallon Gas Prices to Hit 1,349 Days on Labor Day, Unless...

August 28, 2014 - 2:21 PM

Gas prices are now $3.43-a-gallon on average, but even with the decline in prices in recent weeks, the record number of days of gas above $3-a-gallon continues.

The record number of consecutive days with the national average for gasoline above $3-a-gallon will hit 1,349 days on Labor Day 2014 -- unless gas prices drop by 43 cents in the next few days.

The record streak began Dec. 23, 2010. That's more than three-and-a-half years of sustained high gas prices.

Those prices will impact everyone, but especially the nearly 30 million people (29.7 million) AAA expects will travel by car this holiday weekend. AAA says this year's Labor Day prices will be lower than this time in 2013, 2012, and 2011. But the price at the pump on Labor Day 2010 was significantly lower: $2.68-a-gallon.

Gas prices were even lower when President Barack Obama took office in 2009. That day gas prices nationally averaged $1.84 per gallon after a price collapse. Later, under his watch prices climbed to nearly $4-a-gallon, a benchmark that economists had warned could seriously harm the economy and one the news media used to decry.