Fuel oil price history from 2000 through 2019

Historical Price Inflation for Fuel oil

Prices for Fuel Oil, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil were 116.60% higher in 2019 versus 2000 (a $23.32 difference in value).

Between 2000 and 2019: Fuel oil experienced an average inflation rate of 4.15% per year. This rate of change indicates significant inflation. In other words, fuel oil costing $20 in the year 2000 would cost $43.32 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% 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 2000-2019 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	2019
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	364.999	240.197	282.932	367.804	376.126	370.154	364.669	254.029	209.201	241.617	296.084	282.477

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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	$55.92	-1.48%
2015	$38.96	-30.34%
2016	$32.08	-17.65%
2017	$37.05	15.50%
2018	$45.41	22.54%
2019	$43.32	-4.60%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Fuel oil was 130.417 in the year 2000 and 282.477 in 2019:

282.477 / 130.417 * $20 = $43.32

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $43.32 in 2019 (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.