Fuel oil and other fuels price history from 1984 through 2020

Fuel Oil And Other Fuels Inflation Calculator

Prices for Fuel Oil And Other Fuels, 1984-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 145.58% higher in 2020 versus 1984 (a $29.12 difference in value).

Between 1984 and 2020: Fuel oil and other fuels experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $20 in the year 1984 would cost $49.12 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for fuel oil and other fuels was 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	2019	2020
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	280.791	244.024

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Buying power of $20 since 1984

Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1984	$20.00	-
1985	$19.30	-3.49%
1986	$15.63	-19.05%
1987	$15.67	0.30%
1988	$15.72	0.30%
1989	$16.44	4.61%
1990	$19.99	21.54%
1991	$19.05	-4.70%
1992	$18.26	-4.16%
1993	$18.18	-0.44%
1994	$17.87	-1.66%
1995	$17.73	-0.79%
1996	$19.97	12.60%
1997	$20.09	0.64%
1998	$20.09	0.00%
1999	$20.09	0.00%
2000	$20.09	0.00%
2001	$20.09	0.00%
2002	$20.09	0.00%
2003	$20.09	0.00%
2004	$20.09	0.00%
2005	$20.09	0.00%
2006	$20.09	0.00%
2007	$20.09	0.00%
2008	$20.09	0.00%
2009	$20.09	0.00%
2010	$20.09	0.00%
2011	$20.09	0.00%
2012	$20.09	0.00%
2013	$20.09	0.00%
2014	$20.09	0.00%
2015	$20.09	0.00%
2016	$20.09	0.00%
2017	$20.09	0.00%
2018	$58.97	193.49%
2019	$56.52	-4.17%
2020	$49.12	-13.09%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil and other fuels, 1984-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1984 * 1984 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fuel oil and other fuels was 99.367 in the year 1984 and 244.024 in 2020:

244.024 / 99.367 * $20 = $49.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $49.12 in 2020 (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.