Labor Day gas prices are headed for three-year lows | CNN Business

New York CNN  — 

Labor Day weekend travelers can look forward to lower prices at the gas pump.

GasBuddy is projecting the national average price of gas on Labor Day will be $3.27 a gallon – the cheapest for the holiday since 2021.

That amounts to a decline of 50 cents, or 13%, from Labor Day last year, and 52 cents from Labor Day 2022. And it’s not far from the 2021 Labor Day average of $3.16 a gallon.

During the holiday weekend, Americans are projected to spend about $750 million less on

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