Gas Prices May Dip Post-Labor Day on Softer Demand

Analyst Chris Wright suggested U.S. gasoline prices could fall after Labor Day as demand typically eases and production rises, aided by government moves to ease some summer-blend rules. He noted futures markets pricing in lower prices, though warned futures are volatile and not a guaranteed predictor of retail costs. Current pump prices averaged about $4.15 per gallon, while crude oil near six-week highs around $96 per barrel due to Strait of Hormuz tensions, signaling potential volatility ahead.