Available data on U.S. national average retail gasoline prices show that they never reached $7 per gallon on a nationwide average during the post‑mid‑2022 inflation and energy-price cycle.

Key points:

1. Peak national average price in 2022

   • The U.S. national average regular gasoline price peaked at around $5.01–$5.02 per gallon in mid‑June 2022, according to AAA and the U.S. Energy Information Administration (EIA).
   • AAA’s historical data and contemporaneous reporting consistently refer to this ~$5 level as a record high; there is no record of a $7 national average.

2. Subsequent trajectory (2022–2025)

   • After the June 2022 peak, national average gas prices declined through late 2022 and fluctuated mostly in the $3–$4+ range thereafter, depending on the period, per AAA and EIA datasets covering 2023–2025.
   • While some local markets (especially in parts of California) at times saw posted prices near or above $7/gal at individual stations, the U.S. average price never approached $7.

3. Match to the prediction wording

   • Chamath said: “We could have $7 gas... Broadly, broadly, we could have $7 gas all throughout the country.”
   • This clearly implies a broad, nationwide average level around $7/gal, not isolated high-priced stations or specific metro areas.
   • Since the nationwide average never exceeded roughly $5.02/gal through November 30, 2025, this scenario did not materialize.

Because the required condition—a roughly $7-per-gallon nationwide average—has not occurred at any point up to the current date, the prediction is wrong.