Fuel oil and other fuels priced at $20 in 2000 $45.35 in 2018

Historical Price Inflation for Fuel oil and other fuels

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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 126.77% higher in 2018 versus 2000 (a $25.35 difference in value).

Between 2000 and 2018: Fuel oil and other fuels experienced an average inflation rate of 4.65% 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 $45.35 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 higher.

In the year 2000: Pricing changed by 41.86%, which is significantly above 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 higher.

Price Inflation for Fuel oil and other fuels since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (57.66%), 2000 (41.86%), and 1980 (37.92%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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 5.675 5.783 5.920 5.860 5.740 5.940 6.277 6.654 7.000 7.300 7.438 7.908 9.038 10.631 10.869 11.246 11.846 12.100 12.623 12.569 12.731 13.308 13.985 13.738 13.885 13.815 14.100 14.169 14.423 14.369 14.654 15.000 15.477 15.985 16.331 17.038 18.192 18.354 21.077 33.231 36.423 38.815 43.892 46.185 62.415 86.085 104.646 103.415 97.223 99.362 95.915 77.631 77.877 78.085 81.677 99.254 94.638 90.708 90.292 88.785 88.092 99.177 99.838 89.985 91.408 129.669 129.285 115.485 139.492 160.492 208.554 234.862 251.453 334.405 239.778 275.132 337.123 335.908 332.022 338.935 256.179 226.294 254.428 294.046

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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 41.86%
2001 $19.94 -0.30%
2002 $17.81 -10.67%
2003 $21.52 20.79%
2004 $24.75 15.05%
2005 $32.17 29.95%
2006 $36.22 12.61%
2007 $38.78 7.06%
2008 $51.58 32.99%
2009 $36.98 -28.30%
2010 $42.44 14.74%
2011 $52.00 22.53%
2012 $51.81 -0.36%
2013 $51.21 -1.16%
2014 $52.28 2.08%
2015 $39.51 -24.42%
2016 $34.90 -11.67%
2017 $39.24 12.43%
2018 $45.35 15.57%*
* 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 129.669 in the year 2000 and 294.046 in 2018:

294.046 / 129.669 * $20 = $45.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $45.35 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 1935. 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.

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