Saturday, September 1, 2012
AAA predicts that the average prices of gasoline in Kansas and nationally for Labor Day will be the highest ever for the holiday. The agency's most recent gas price report shows a 27 cents per gallon increase in the average price of gas in Kansas in August. The average price in the state is currently $3.74 per gallon.
The three main factors driving gasoline prices in August were increased crude oil costs, regional supply problems caused by refinery and pipeline disruptions and Gulf Coast refinery closures in advance of Hurricane Isaac.
AAA expects gasoline prices to drop in September as Gulf Coast refineries closed by Isaac resume operations, as demand decreases following the end of the summer driving season and as refineries transition to the production of less-expensive winter-blend fuels.
AAA projects 33 million Americans will travel at least 50 miles from home this holiday weekend.