Gas in Minnesota averaged $3.09 in 2008 — $4.62 in today’s money
The average price of a gallon of regular gasoline in Minnesota across 2008, shown both as it was at the pump and adjusted for inflation to constant 2025 dollars (CPI-U).
How Minnesota prices moved through 2008
Weekly average for regular gasoline. The year’s high was $3.96 the week of July 14, 2008; the low was $1.57 the week of December 29, 2008 — a swing of 151.1%.
View the weekly data (52 weeks)
| Week of | Nominal | 2025 $ |
|---|---|---|
| January 7, 2008 | $3.02 | $4.58 |
| January 14, 2008 | $2.94 | $4.46 |
| January 21, 2008 | $2.87 | $4.35 |
| January 28, 2008 | $2.84 | $4.31 |
| February 4, 2008 | $2.94 | $4.45 |
| February 11, 2008 | $2.88 | $4.36 |
| February 18, 2008 | $2.96 | $4.48 |
| February 25, 2008 | $3.01 | $4.55 |
| March 3, 2008 | $3.02 | $4.55 |
| March 10, 2008 | $3.05 | $4.60 |
| March 17, 2008 | $3.08 | $4.65 |
| March 24, 2008 | $3.04 | $4.59 |
| March 31, 2008 | $3.14 | $4.74 |
| April 7, 2008 | $3.24 | $4.88 |
| April 14, 2008 | $3.21 | $4.83 |
| April 21, 2008 | $3.41 | $5.14 |
| April 28, 2008 | $3.44 | $5.18 |
| May 5, 2008 | $3.46 | $5.17 |
| May 12, 2008 | $3.60 | $5.39 |
| May 19, 2008 | $3.67 | $5.49 |
| May 26, 2008 | $3.85 | $5.75 |
| June 2, 2008 | $3.85 | $5.70 |
| June 9, 2008 | $3.93 | $5.82 |
| June 16, 2008 | $3.91 | $5.79 |
| June 23, 2008 | $3.88 | $5.75 |
| June 30, 2008 | $3.93 | $5.82 |
| July 7, 2008 | $3.93 | $5.78 |
| July 14, 2008 | $3.96 | $5.81 |
| July 21, 2008 | $3.87 | $5.69 |
| July 28, 2008 | $3.68 | $5.42 |
| August 4, 2008 | $3.62 | $5.32 |
| August 11, 2008 | $3.62 | $5.33 |
| August 18, 2008 | $3.58 | $5.27 |
| August 25, 2008 | $3.65 | $5.37 |
| September 1, 2008 | $3.65 | $5.36 |
| September 8, 2008 | $3.56 | $5.24 |
| September 15, 2008 | $3.74 | $5.50 |
| September 22, 2008 | $3.52 | $5.19 |
| September 29, 2008 | $3.41 | $5.01 |
| October 6, 2008 | $3.17 | $4.70 |
| October 13, 2008 | $2.81 | $4.17 |
| October 20, 2008 | $2.56 | $3.80 |
| October 27, 2008 | $2.31 | $3.43 |
| November 3, 2008 | $2.11 | $3.19 |
| November 10, 2008 | $2.01 | $3.03 |
| November 17, 2008 | $1.89 | $2.85 |
| November 24, 2008 | $1.72 | $2.60 |
| December 1, 2008 | $1.74 | $2.64 |
| December 8, 2008 | $1.63 | $2.47 |
| December 15, 2008 | $1.69 | $2.57 |
| December 22, 2008 | $1.64 | $2.49 |
| December 29, 2008 | $1.57 | $2.40 |
2008: Minnesota and the national picture
2008 coincided with the oil-price spike and the global financial crisis. In Minnesota, the weekly average for regular gasoline ran from a low of $1.57 (December 29, 2008) to a high of $3.96 (July 14, 2008). Adjusted for inflation, the year’s average of $4.62 ranks 4th-highest in the state’s weekly record.
How 2008 compares, adjusted for inflation
2008 was Minnesota’s 4th-most-expensive year for gas on record, adjusted for inflation — equivalently, the 24th-cheapest of 27 years (2000–2026).
Minnesota fuel prices by grade in 2008
Year-average price per grade. Premium figures are the spread drivers paid for higher-octane fuel that year.
| Grade | Avg / gal | 2025 $ | vs. regular |
|---|---|---|---|
| Regular | $3.09 | $4.62 | — |
| Midgrade | $3.18 | $4.74 | +8.3¢ |
| Premium | $3.30 | $4.93 | +21.2¢ |
Minnesota gas prices in 2008, answered
- What was the average price of gas in Minnesota in 2008?
- The average price of regular gasoline in Minnesota in 2008 was $3.09 per gallon — about $4.62 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration weekly data.
- How high did gas prices get in Minnesota during 2008?
- Minnesota's weekly average for regular gasoline peaked at $3.96 the week of July 14, 2008 and bottomed out at $1.57 the week of December 29, 2008 — a swing of 151.1% across the year.
- Were gas prices in Minnesota higher in 2008 than in 2007?
- Adjusted for inflation, regular gasoline in Minnesota was more expensive in 2008 than in 2007, up 8.6% year over year.
- How does 2008 rank for gas prices in Minnesota history?
- Adjusted for inflation, 2008 was the 4th-most-expensive year for regular gasoline in Minnesota out of the 27 years EIA has published weekly prices (2000–2026).