00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. gasoline prices hit a record high for Labor Day, with the national average reaching $4.15 per gallon
00:10on Monday, according to CNBC.
00:12The price was about 30% higher than $3.20 a year ago, while diesel reached a record $5.90
00:19per gallon, according to AAA.
00:21Elevated crude oil prices have offset the typical seasonal decline in gasoline demand.
00:26West Texas Intermediate Crude traded near $92 per barrel Monday, up from about $67 before the Iran War began February
00:3528th.
00:36Oil shipments through the Strait of Hormuz have fallen sharply amid the conflict, while refinery disruptions have also reduced fuel
00:44supplies.
00:44The EPA allowed cheaper winter-blown gasoline to be sold beginning September 1 to help boost supply and lower prices.
00:52For all things money, visit Benzinga.com.
