Q:

What was the highest gasoline price in history?

A:

Quick Answer

The highest one-day gasoline price was $4.45 per gallon in 2008, as of 2015. The highest nationwide average price for one gallon of regular gas was $3.60 in 2012.

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What was the highest gasoline price in history?
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Full Answer

The AAA attributes high gas prices in 2012 to refinery outages, hurricanes and uncertainty in the Middle East. Global economic factors and fear over the future supply of oil contributed to the record 2008 spike. The price for one gallon of regular gas in the United States is typically the average world oil price plus one dollar. Supply and demand controls the world oil price, and the Organization of the Petroleum Exporting Countries, or OPEC, attempts to control the supply.

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