Gas in New York averaged $3.43 in 2008 — $5.12 in today’s money
The average price of a gallon of regular gasoline in New York across 2008, shown both as it was at the pump and adjusted for inflation to constant 2025 dollars (CPI-U).
How New York prices moved through 2008
Weekly average for regular gasoline. The year’s high was $4.28 the week of July 7, 2008; the low was $1.81 the week of December 29, 2008 — a swing of 136.5%.
View the weekly data (52 weeks)
| Week of | Nominal | 2025 $ |
|---|---|---|
| January 7, 2008 | $3.29 | $4.99 |
| January 14, 2008 | $3.29 | $4.99 |
| January 21, 2008 | $3.26 | $4.94 |
| January 28, 2008 | $3.23 | $4.91 |
| February 4, 2008 | $3.21 | $4.86 |
| February 11, 2008 | $3.20 | $4.84 |
| February 18, 2008 | $3.21 | $4.87 |
| February 25, 2008 | $3.27 | $4.96 |
| March 3, 2008 | $3.29 | $4.96 |
| March 10, 2008 | $3.31 | $4.99 |
| March 17, 2008 | $3.37 | $5.08 |
| March 24, 2008 | $3.37 | $5.08 |
| March 31, 2008 | $3.38 | $5.10 |
| April 7, 2008 | $3.39 | $5.11 |
| April 14, 2008 | $3.45 | $5.19 |
| April 21, 2008 | $3.59 | $5.40 |
| April 28, 2008 | $3.75 | $5.64 |
| May 5, 2008 | $3.79 | $5.66 |
| May 12, 2008 | $3.87 | $5.79 |
| May 19, 2008 | $3.98 | $5.95 |
| May 26, 2008 | $4.09 | $6.13 |
| June 2, 2008 | $4.15 | $6.15 |
| June 9, 2008 | $4.20 | $6.22 |
| June 16, 2008 | $4.26 | $6.31 |
| June 23, 2008 | $4.27 | $6.32 |
| June 30, 2008 | $4.28 | $6.33 |
| July 7, 2008 | $4.28 | $6.29 |
| July 14, 2008 | $4.28 | $6.29 |
| July 21, 2008 | $4.26 | $6.27 |
| July 28, 2008 | $4.17 | $6.13 |
| August 4, 2008 | $4.10 | $6.04 |
| August 11, 2008 | $4.02 | $5.92 |
| August 18, 2008 | $3.89 | $5.73 |
| August 25, 2008 | $3.83 | $5.64 |
| September 1, 2008 | $3.79 | $5.57 |
| September 8, 2008 | $3.77 | $5.54 |
| September 15, 2008 | $3.79 | $5.58 |
| September 22, 2008 | $3.77 | $5.55 |
| September 29, 2008 | $3.70 | $5.44 |
| October 6, 2008 | $3.61 | $5.35 |
| October 13, 2008 | $3.38 | $5.01 |
| October 20, 2008 | $3.18 | $4.72 |
| October 27, 2008 | $2.95 | $4.38 |
| November 3, 2008 | $2.76 | $4.17 |
| November 10, 2008 | $2.59 | $3.91 |
| November 17, 2008 | $2.41 | $3.65 |
| November 24, 2008 | $2.26 | $3.42 |
| December 1, 2008 | $2.14 | $3.25 |
| December 8, 2008 | $2.03 | $3.10 |
| December 15, 2008 | $1.91 | $2.90 |
| December 22, 2008 | $1.87 | $2.84 |
| December 29, 2008 | $1.81 | $2.76 |
2008: New York and the national picture
2008 coincided with the oil-price spike and the global financial crisis. In New York, the weekly average for regular gasoline ran from a low of $1.81 (December 29, 2008) to a high of $4.28 (July 7, 2008). Adjusted for inflation, the year’s average of $5.12 ranks 4th-highest in the state’s weekly record.
How 2008 compares, adjusted for inflation
2008 was New York’s 4th-most-expensive year for gas on record, adjusted for inflation — equivalently, the 24th-cheapest of 27 years (2000–2026).
New York 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 | $3.43 | $5.12 | — |
| Midgrade | $3.58 | $5.34 | +14.9¢ |
| Premium | $3.68 | $5.50 | +25.5¢ |
New York gas prices in 2008, answered
- What was the average price of gas in New York in 2008?
- The average price of regular gasoline in New York in 2008 was $3.43 per gallon — about $5.12 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration weekly data.
- How high did gas prices get in New York during 2008?
- New York's weekly average for regular gasoline peaked at $4.28 the week of July 7, 2008 and bottomed out at $1.81 the week of December 29, 2008 — a swing of 136.5% across the year.
- Were gas prices in New York higher in 2008 than in 2007?
- Adjusted for inflation, regular gasoline in New York was more expensive in 2008 than in 2007, up 12.6% year over year.
- How does 2008 rank for gas prices in New York history?
- Adjusted for inflation, 2008 was the 4th-most-expensive year for regular gasoline in New York out of the 27 years EIA has published weekly prices (2000–2026).