The algebraic connectivity of $P_n$, the path on $n$ vertices does not exceed $\frac{12}{n^2-1}$.
Let algebraic connectivity of $P_n$ be denoted by $\mu$. I have proved a result that if $G$ is a connected graph then if $\delta$ denotes the the minimum vertex degree in $G$ then $\mu \leq \frac{n \delta}{n-1}$.
Using this result for $P_n$ we have $\mu \leq \frac{n }{n-1}$.
We also have the following result:
Let $G$ be a connected graph with $V(G) = \{1, . . . , n\}$. Let $V_1$ and $V_2$ be nonempty disjoint subsets of $V(G)$, and let $G_1$ and $G_2$ be the subgraphs induced by $V_1$ and $V_2$, respectively. Let $L$ be the Laplacian of $G$ and $\mu$ the algebraic connectivity. Then
$$\mu \leq \frac{1}{d(V_1,V_2)^2}(\frac{1}{|V_1|} + \frac{1}{|V_2|}) (|E(G)| − |E(G_1)| − |E(G_2)|).$$
But how to get the desired inequality?