In the year 2008, the average retail price of gas was $3.27.
This is equivalent to $4.62 in 2023 dollars.
Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.
How much has gas gone up with inflation?
Here's how much the 2008 gasoline price of $3.27 would be worth over time, compared to the actual price from that year.
| Year | Inflation-adjusted | Actual |
|---|---|---|
| 2020 | $4.00 | $2.28 |
| 2019 | $3.91 | $2.46 |
| 2018 | $3.84 | $2.46 |
| 2017 | $3.76 | $2.50 |
| 2016 | $3.68 | $2.51 |
| 2015 | $3.66 | $2.45 |
| 2014 | $3.63 | $3.37 |
| 2013 | $3.57 | $3.53 |
| 2012 | $3.51 | $3.64 |
| 2011 | $3.41 | $3.53 |
| 2010 | $3.36 | $2.79 |
| 2009 | $3.27 | $2.35 |
| 2008 | $3.27 | $3.27 |