Record Gas Prices For Labor Day: What To Expect In Geneva

GENEVA, IL — This Labor Day is expected to set a record and not a good one — especially for Geneva residents who are planning end-of-summer road trips.

The fuel savings platform GasBuddy expects Labor Day gas prices to average $4.03 a gallon, 87 cents higher than last year and the highest holiday pump price on record, surpassing the previous record of $3.83 per gallon in 2012.

AAA, meanwhile, puts the average price for regular gas in Illinois at $4.30 per gallon. Nationally, gas prices averaged $4.14 a gallon Friday.

In Kane County, the average sits at $4.29 per gallon.

The war in Iran and the blockage of the Strait of Hormuz, a critical corridor for the world's crude oil, have squeezed global oil shipments and kept crude costs elevated. Also contributing to the volatility are Ukrainian drone strikes on Russian refineries that have knocked millions of barrels of processing capacity offline, tightening supplies of gasoline, diesel and jet fuel worldwide.

GasBuddy said these disruptions "have disconnected crude oil prices from fuel prices, pushing refining margins, or 'crack spreads,' to record levels, a dynamic that could keep fuel prices elevated this fall and may push diesel prices to record highs in the weeks ahead."

Labor Day last year experienced the cheapest gas prices since 2020, according to De Haan. The average price for a gallon of gas was $3.16.

This is where drivers can score the best-priced gas in Geneva:

• Amstar, 1501 E. State St., for $4.39 per gallon
• Shell, 1491 E. State St., for $4.49 per gallon
• Amoco, 1166 E. State St., for $4.49 per gallon