Fuel oil and other fuels price history from 2000 through 2018

Historical Price Inflation for Fuel oil and other fuels

Amount

Start year

End year

See price inflation for:

Prices for Fuel Oil And Other Fuels, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 193.49% higher in 2018 versus 2000 (a $38.70 difference in value).

Between 2000 and 2018: Fuel oil and other fuels experienced an average inflation rate of 6.16% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $20 in the year 2000 would cost $58.70 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for fuel oil and other fuels was significantly higher.

In the year 2000: Pricing changed by 0%, which is significantly below the average yearly change for fuel oil and other fuels during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for fuel oil and other fuels was much lower.

Price Inflation for Fuel oil and other fuels since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2018 (193.49%), 1990 (21.54%), and 1986 (-19.05%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuel oil and other fuels:

Year	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
CPI	99.367	95.900	77.633	77.867	78.100	81.700	99.300	94.633	90.700	90.300	88.800	88.100	99.200	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	99.833	292.999

View price changes for other categories
Chicago, Illinois · Philadelphia, Pennsylvania · Airline fares · Fish and seafood · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	-
2001	$20.00	0.00%
2002	$20.00	0.00%
2003	$20.00	0.00%
2004	$20.00	0.00%
2005	$20.00	0.00%
2006	$20.00	0.00%
2007	$20.00	0.00%
2008	$20.00	0.00%
2009	$20.00	0.00%
2010	$20.00	0.00%
2011	$20.00	0.00%
2012	$20.00	0.00%
2013	$20.00	0.00%
2014	$20.00	0.00%
2015	$20.00	0.00%
2016	$20.00	0.00%
2017	$20.00	0.00%
2018	$58.70	193.49%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil and other fuels, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Fuel oil and other fuels was 99.833 in the year 2000 and 292.999 in 2018:

292.999 / 99.833 * $20 = $58.70

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $58.70 in 2018 (in the CPI category of Fuel oil and other fuels).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fuel oil and other fuels in 1984. In addition to fuel oil and other fuels, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.