Gas hit $4.13 a gallon over Labor Day weekend, topping the 2012 record of $3.82

Political Guyentist · September 7, 20261 min read

Diesel set its own record at $5.89 a gallon this week, and Treasury Secretary Scott Bessent said oil could fall to $40-50 a barrel once the Iran conflict ends.

National average: $4.13/gallon (Washington Examiner reports $4.15)
Prior Labor Day record: $3.82, set in 2012
OPEC+ agreed Sunday, Sept. 6, to hold October quotas flat

U.S. average retail diesel price

What we’re less sure of2 of 6 claims

Medium
Diesel set a record at $5.89 a gallon this week
Precise figure rests essentially on the Washington Examiner record-diesel piece; no second named source in the story carries the $5.89 number.
Medium
Treasury Secretary Scott Bessent said oil could fall to $40-50 a barrel once the Iran conflict ends
Attributed forecast by a named official, Bessent, reported by Fox News and Bloomberg (Bannon interview); desk reports the prediction, not adopting it.