US gas prices could hit a record over Labor Day weekend — up to $4.03 a gallon

Gas prices in the US could reach as high as $4.03 per gallon over the Labor Day holiday weekend, which would set a record for the holiday, according to one expert. The elevated costs are partly attributed to the Trump administration's pressure campaign against Iran, which has constrained oil supply. Prices are unusually high for late summer, when they typically fall.