Gas in Texas averaged $3.12 in 2008 — $4.65 in today’s money
The average price of a gallon of regular gasoline in Texas across 2008, shown both as it was at the pump and adjusted for inflation to constant 2025 dollars (CPI-U).
How Texas prices moved through 2008
Weekly average for regular gasoline. The year’s high was $3.97 the week of July 14, 2008; the low was $1.49 the week of December 29, 2008 — a swing of 166.7%.
View the weekly data (52 weeks)
| Week of | Nominal | 2025 $ |
|---|---|---|
| January 7, 2008 | $2.96 | $4.50 |
| January 14, 2008 | $2.94 | $4.47 |
| January 21, 2008 | $2.90 | $4.39 |
| January 28, 2008 | $2.87 | $4.36 |
| February 4, 2008 | $2.86 | $4.33 |
| February 11, 2008 | $2.84 | $4.31 |
| February 18, 2008 | $2.92 | $4.43 |
| February 25, 2008 | $3.04 | $4.60 |
| March 3, 2008 | $3.08 | $4.64 |
| March 10, 2008 | $3.12 | $4.70 |
| March 17, 2008 | $3.17 | $4.78 |
| March 24, 2008 | $3.16 | $4.76 |
| March 31, 2008 | $3.21 | $4.83 |
| April 7, 2008 | $3.25 | $4.90 |
| April 14, 2008 | $3.29 | $4.95 |
| April 21, 2008 | $3.41 | $5.13 |
| April 28, 2008 | $3.51 | $5.28 |
| May 5, 2008 | $3.51 | $5.25 |
| May 12, 2008 | $3.62 | $5.41 |
| May 19, 2008 | $3.69 | $5.53 |
| May 26, 2008 | $3.83 | $5.73 |
| June 2, 2008 | $3.85 | $5.70 |
| June 9, 2008 | $3.91 | $5.78 |
| June 16, 2008 | $3.95 | $5.84 |
| June 23, 2008 | $3.92 | $5.81 |
| June 30, 2008 | $3.93 | $5.82 |
| July 7, 2008 | $3.95 | $5.81 |
| July 14, 2008 | $3.97 | $5.83 |
| July 21, 2008 | $3.94 | $5.79 |
| July 28, 2008 | $3.85 | $5.66 |
| August 4, 2008 | $3.76 | $5.54 |
| August 11, 2008 | $3.68 | $5.41 |
| August 18, 2008 | $3.59 | $5.28 |
| August 25, 2008 | $3.49 | $5.14 |
| September 1, 2008 | $3.55 | $5.22 |
| September 8, 2008 | $3.52 | $5.18 |
| September 15, 2008 | $3.71 | $5.45 |
| September 22, 2008 | $3.65 | $5.36 |
| September 29, 2008 | $3.57 | $5.25 |
| October 6, 2008 | $3.38 | $5.02 |
| October 13, 2008 | $2.95 | $4.37 |
| October 20, 2008 | $2.69 | $3.99 |
| October 27, 2008 | $2.40 | $3.56 |
| November 3, 2008 | $2.16 | $3.27 |
| November 10, 2008 | $2.03 | $3.07 |
| November 17, 2008 | $1.91 | $2.89 |
| November 24, 2008 | $1.78 | $2.68 |
| December 1, 2008 | $1.71 | $2.61 |
| December 8, 2008 | $1.62 | $2.47 |
| December 15, 2008 | $1.54 | $2.35 |
| December 22, 2008 | $1.54 | $2.35 |
| December 29, 2008 | $1.49 | $2.26 |
2008: Texas and the national picture
2008 coincided with the oil-price spike and the global financial crisis. In Texas, the weekly average for regular gasoline ran from a low of $1.49 (December 29, 2008) to a high of $3.97 (July 14, 2008). Adjusted for inflation, the year’s average of $4.65 ranks 3rd-highest in the state’s weekly record.
How 2008 compares, adjusted for inflation
2008 was Texas’s 3rd-most-expensive year for gas on record, adjusted for inflation — equivalently, the 25th-cheapest of 27 years (2000–2026).
Texas 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 | $3.12 | $4.65 | — |
| Midgrade | $3.24 | $4.84 | +12.3¢ |
| Premium | $3.36 | $5.02 | +24.3¢ |
Texas gas prices in 2008, answered
- What was the average price of gas in Texas in 2008?
- The average price of regular gasoline in Texas in 2008 was $3.12 per gallon — about $4.65 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration weekly data.
- How high did gas prices get in Texas during 2008?
- Texas's weekly average for regular gasoline peaked at $3.97 the week of July 14, 2008 and bottomed out at $1.49 the week of December 29, 2008 — a swing of 166.7% across the year.
- Were gas prices in Texas higher in 2008 than in 2007?
- Adjusted for inflation, regular gasoline in Texas was more expensive in 2008 than in 2007, up 12.8% year over year.
- How does 2008 rank for gas prices in Texas history?
- Adjusted for inflation, 2008 was the 3rd-most-expensive year for regular gasoline in Texas out of the 27 years EIA has published weekly prices (2000–2026).