This Labor Day, low gas prices mean more cars on the road [w/video]
The average price of gas in the US this past Monday was $3.45 a gallon. Not only is that the lowest price it's been on the Monday before Labor Day in four years, it's also 25 cents lower than it was in the end of June and a dime lower than it was a year ago. The US Energy Information Administration (EIA) says that the main reason for the drop is lower crude oil prices from the North Sea. As always, global worries about places like the middle east affect the crude oil price, and the EIA says that the market has a "perception of reduced risk for Iraqi oil exports as well as reports of increasing Libyan oil exports" that is helping to keep prices low.
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