Average Gas Price Worse Than in 2008

Yes. Gas prices in 2008 did indeed pass the $4.00 mark. However, that lasted for only five weeks. In fact, despite the record high oil and gas prices reached during 2008, the average gas price at the pump for all of that year was $3.24 per regular gallon. For comparison, the gas average for all of 2011 was $3.52 according to the Energy Information Administration. The above two years are the only two on record to produce an annual average for gas prices of above $3.00 a regular gallon. (See more annual gas price averages here)

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