<p>The national average price for regular gasoline reached a record high of $4.15 per gallon on Labor Day, according to data from AAA.</p>
<p>This price is approximately 10 cents higher than a month ago and nearly a dollar higher than the same time last year. Labor Day weekend is noted as one of the busiest travel periods of the year.</p>
<p>The increase in gasoline prices this year has been attributed largely to the ongoing conflict with Iran, which began in February. This conflict has resulted in energy supply shortages, particularly affecting crude oil shipments through the Strait of Hormuz, a significant trade route.</p>
<p>Despite the current increases, gasoline prices have not yet reached the all-time highs recorded in 2022, which were over $5 per gallon in June of that year. Diesel prices, however, have hit record levels this year, with a gallon of diesel now costing $5.90.</p>
<p>The rise in gasoline prices may have political implications, particularly for President Donald Trump, whose economic approval ratings have declined amid inflation and affordability concerns. Gas prices had fallen to a five-year low of $2.79 per gallon in early January of Trump's second term, but the onset of the Iran conflict has reversed that trend.</p>
<p>Geographically, gasoline prices vary by state, with Texas reporting the lowest average price at $3.67 per gallon and California reporting the highest at $5.86 per gallon.</p>