Gas Prices in 2007
inflation-adjusted (CPI-U)
How 2007 ranks in the 1970–2025 record
The 9th-most-expensive year on record — the 48th-cheapest of 56 years.
The 11th-highest pump price on record — before adjusting for inflation.
How U.S. prices moved through 2007
Weekly U.S. average for regular gasoline. The year’s high was $3.22 the week of May 21, 2007; the low was $2.17 the week of January 22, 2007 — a swing of 48.6%.
| Month | At the pump | In 2025 $ | Weeks |
|---|---|---|---|
| Jan 2007 | $2.24 | $3.55 | 5 |
| Feb 2007 | $2.28 | $3.59 | 4 |
| Mar 2007 | $2.56 | $4.02 | 4 |
| Apr 2007 | $2.85 | $4.45 | 5 |
| May 2007 | $3.15 | $4.90 | 4 |
| Jun 2007 | $3.06 | $4.75 | 4 |
| Jul 2007 | $2.96 | $4.60 | 5 |
| Aug 2007 | $2.79 | $4.32 | 4 |
| Sep 2007 | $2.80 | $4.33 | 4 |
| Oct 2007 | $2.80 | $4.32 | 5 |
| Nov 2007 | $3.08 | $4.71 | 4 |
| Dec 2007 | $3.02 | $4.60 | 5 |
2007 vs. the years on either side
State gas prices in 2007
EIA weekly prices for 2007 are available for these states. Each link opens that state’s price history at 2007.
2007: refinery outages in spring, rising crude in the fall
Gasoline averaged $2.80 in 2007, 22.4¢ more than in 2006 and 5.7% higher after inflation. The year had two separate increases with different causes.
The first came in spring. From a low of $2.17 in the week of January 22, prices rose to $3.22 in the week of May 21, the year’s high and a record at the time in unadjusted dollars. The EIA attributed much of that rise to refinery problems: a high number of outages in the U.S. and abroad cut output, gasoline inventories at the end of April were about 14 million barrels below a year earlier, and imports were low.
The second came late in the year, driven by crude oil. Pump prices eased over the summer, to $2.79 in August, then rose again as crude prices climbed toward $100 a barrel. The largest weekly increase of the year, 14.1¢, came in the week of November 5, and the year ended at $3.05, nearly 72¢ above its first week. The U.S. economy entered recession in December 2007, according to the National Bureau of Economic Research, but the effect on gasoline prices did not appear until late 2008.
Sources: prices and high/low weeks are EIA weekly retail data (regular, all formulations) from our database; other facts are from the sources listed here.
2007 Against Its Neighbours and Its States
The 2007 average of $2.80 sat between $2.57 in 2006 and $3.25 in 2008. The step into 2007 was a rise of 8.7% at the pump, and the step out of it, from 2007 to 2008, was a rise of 16.1%. In constant 2025 dollars the 2007 average rose 5.7% from 2006 and then rose 11.8% in 2008.
Ranked at the pump, 2007 was the 11th-highest of the 56 complete years from 1970 to 2025. Adjusted for inflation it was the 9th-highest. The highest annual average in constant 2025 dollars, $5.08, belongs to 2012. Over the ten years from 1997, when the average was $1.22 at the pump, the 2007 figure rose 77.7% in constant 2025 dollars, a span that crosses the 2000 change of basis.
State figures for 2007 are annual averages for all grades from the EIA State Energy Data System. Georgia was the cheapest state at $2.55, and Hawaii the most expensive at $3.01, a spread of 46.4¢. Of the 51 states, counting D.C., 31 had an average above the U.S. average on that basis.
EIA collected 53 weeks of data in 2007.
U.S. gas prices in 2007, answered
- What was the average price of gas in 2007?
- The U.S. average price of regular gasoline in 2007 was $2.80 per gallon — about $4.34 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration data.
- How does 2007 rank for gas prices in U.S. history?
- Adjusted for inflation, 2007 was the 9th-most-expensive year for gasoline out of the 56 years on record (1970–2025). In raw at-the-pump dollars it ranks 11th.
- Were gas prices higher in 2007 than in 2006?
- Adjusted for inflation, regular gasoline was more expensive in 2007 than in 2006, up 5.7% year over year ($4.11 → $4.34 in 2025 dollars).
- How high did gas prices get during 2007?
- The U.S. weekly average for regular gasoline peaked at $3.22 the week of May 21, 2007 and bottomed at $2.17 the week of January 22, 2007 during 2007.
Source: U.S. Energy Information Administration. Mean of EIA’s weekly U.S. regular prices. Constant 2025 dollars (CPI-U). How the figures are built.
More about 2007
Use this data
Download: U.S. national gas prices by year, 1970–present (CSV) · Weekly U.S. national gas prices, 2000–present (CSV).
Column definitions, coverage and every file: gas price data. Free to reuse under CC BY 4.0 with credit.
Cite as: US Gas Gauge, “Gas Prices in 2007,” usgasgauge.com/gas-prices/history/2007. Source data: U.S. Energy Information Administration.