Highest Gas Prices In Usa 2024 By Month. The graph below shows the average annual nominal and real prices of retail regular. 2012 had the highest gas price when adjusted for inflation.

In its latest monthly oil market report, the iea sees global demand growing by 921k bbl/day in 2024 from 862k bbl/day previously, while its growth estimates for 2025 dipped. Gas prices fell 0.9% from september to october, helping to hold down overall inflation.