Labor Day: Gas prices forcing drivers to scale back holiday travel

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Gas prices continue to be a pain point for American travelers ahead of the Labor Day Weekend, sitting at a national average of $3.81 per gallon. AAA Northeast Senior Manager Robert Sinclair Jr. sits down with Yahoo Finance Live to discuss how inflation and gas prices are weathering on families' travel budgets.

"The concession that's being made is the distance that's being traveled," Sinclair Jr. says. "We did a local survey, and drivers told us their average trip is going to be 50 to 200 miles... I remember when it was 500 to 1,000 miles for a trip over a holiday weekend. So, they are cutting back in that regard."

Sinclair Jr. outlines his outlook for gas prices amid OPEC's oil production cuts and the seasonal trends surrounding oil refining and the effects of hurricane season.