Gas prices by year · 2009

How much was gas in 2009?

A gallon of regular averaged $2.34 in 2009. The year’s low was $1.79 in January; the high, $2.65 in November.

At the pump
the average gallon of regular in 2009
$2.34
In today's dollars
the same gallon at August 2026 prices
$3.66
Minutes of work
to earn one gallon at 2009 wages
7.6 min

The same gallon, three ways

Sticker dollars first, since that’s the number people remember. Run through the CPI, 2009’s $2.34 gallon costs $3.66 in August 2026 dollars, against $4.06 at the pump this month. In real terms, gas was cheaper then than it is now.

The second correction is wages, which moved too. At 2009’s average hourly pay, earning one gallon took 7.6 minutes of work; today it takes 7.5. Whatever the sticker said, your time bought less gas then.

Stack all 47 years by their real average and 2009 comes 20th. The priciest year on the sign is 2012; the cheapest, 1998. Diesel, for the record: $2.46 that year.

If the question is really about this week, not 2009: Why is gas so expensive right now?

Sources: EIA and BLS retail price series, CPI-U, and average hourly earnings for production and nonsupervisory workers (BLS, via FRED). Today’s dollars use the August 2026 CPI. Full series list under sources; this page rebuilds every Monday with the new EIA week.