Will the average US price of gasoline (adjusted for inflation) exceed its July 2008 peak ($4.11/gal) in any single month (2026–2030)?

Gas Price Volatility

The all-time inflation-adjusted peak for US gasoline (averaging all grades) was $4.11 per gallon in July 2008 (EIA data, simulated late 2025 context). The current price is around $3.50/gal. Crude oil prices are subject to massive geopolitical volatility, OPEC+ production policy, and global economic cycles. The slight 'No' majority reflects the long-term counter-pressure from increasing US oil production, slower global demand growth as electric vehicles penetrate the market, and the disinflationary effect of a stabilizing global economy. While a short-term geopolitical shock could cause a spike, a sustained price above the 2008 adjusted peak is seen as unlikely.