Fuel oil priced at $20 in 2000 $45.72 in 2018

Historical Price Inflation for Fuel oil

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

According to the U.S. Bureau of Labor Statistics, prices for fuel oil were 128.60% higher in 2018 versus 2000 (a $25.72 difference in value).

Between 2000 and 2018: Fuel oil experienced an average inflation rate of 4.70% per year. This rate of change indicates significant inflation. In other words, fuel oil costing $20 in the year 2000 would cost $45.72 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for fuel oil was higher.

In the year 2000: Pricing changed by 50.29%, which is significantly above the average yearly change for fuel oil during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for fuel oil was much higher.

Price Inflation for Fuel oil since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (58.41%), 2000 (50.29%), and 1979 (40.48%).

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

Year 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 11.892 12.508 12.592 13.008 13.658 14.350 13.525 13.700 13.475 14.025 14.025 14.300 14.000 14.292 14.675 15.133 15.625 15.942 16.550 17.575 17.658 20.358 32.250 34.883 37.400 42.408 44.958 63.158 87.775 107.350 105.017 96.483 98.550 94.592 74.008 75.908 75.758 80.325 98.625 92.258 88.008 87.233 85.633 84.767 97.017 96.758 84.817 86.775 130.417 125.692 111.608 136.300 159.708 216.358 244.583 262.597 365.000 240.197 282.932 367.804 376.126 370.154 364.723 253.998 209.340 241.691 298.130

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Fuel oil, 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 50.29%
2001 $19.28 -3.62%
2002 $17.12 -11.20%
2003 $20.90 22.12%
2004 $24.49 17.17%
2005 $33.18 35.47%
2006 $37.51 13.05%
2007 $40.27 7.37%
2008 $55.97 39.00%
2009 $36.84 -34.19%
2010 $43.39 17.79%
2011 $56.40 30.00%
2012 $57.68 2.26%
2013 $56.76 -1.59%
2014 $55.93 -1.47%
2015 $38.95 -30.36%
2016 $32.10 -17.58%
2017 $37.06 15.45%
2018 $45.72 23.35%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil, 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 was 130.417 in the year 2000 and 298.130 in 2018:

298.130 / 130.417 * $20 = $45.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $45.72 in 2018 (in the CPI category of Fuel oil).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fuel oil in 1952. In addition to fuel oil, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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