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Market Impact: 0.15
Americans hit with record-high Labor Day Weekend gasoline prices
Source: CNBC
Energy Markets & PricesConsumer Demand & Retail
GasBuddy expects the national average gasoline price to rise to about $4.03 per gallon on Labor Day, exceeding the 2012 record of $3.83. The $0.20/gallon increase (~5%) signals a modest cost headwind for consumers ahead of the holiday travel period.
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