Americans hit with record gasoline prices

PHOTO: REUTERSWith the war in the Middle East still raising energy costs, Americans face record-high gasoline prices for Labour Day weekend, just as political campaigns kick off for midterm Congressional elections.The national average gasoline price will probably hit $4.03 on Labour Day, far surpassing the previous record of $3.83 per gallon set in 2012, said GasBuddy analyst Patrick De Haan.

"Gasoline, while not at all-time records, is at its highest level ever recorded this late in the calendar year, meaning Americans could for the first time ever see a national average price of gasoline above $4 per gallon on Labour Day," De Haan wrote in a blog post.

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