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Gas Prices Hit Record Levels Ahead of Labor Day

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Description
FBN’s Adam Shapiro on the rising price of gas ahead of Labor Day weekend.
Duration 0:47
Date Aug 31, 2012

This transcript is automatically generated

-- -- -- Business -- the bullish -- on Wall Street continues on the last trading day of the month right now the Dow is up roughly 79 points.

Oil prices also in rally mode -- two straight days of losses crude up 2% on the day ending at 96 dollars and 47 cents a barrel.

On the New York Mercantile Exchange -- oil rose more than 9% for the month of August it is still in the red for the year down 2%.

-- today being the Friday before Labor Day millions of people are expected to hit the roadways but there is some bad news for drivers.

Gasoline prices hit record levels nationwide according to triple a.'s daily fuel gauge.

The national average for a gallon of regular gas is now three dollars and 82 cents.

Prices are up thirty cents for the month marking the largest increase for the month of August since -- to.