Gasoline, unleaded midgrade price history from 2000 through 2018

Historical Price Inflation for Gasoline, unleaded midgrade

Amount

Start year

End year

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Prices for Gasoline, Unleaded Midgrade, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded midgrade were 93.36% higher in 2018 versus 2000 (a $18.67 difference in value).

Between 2000 and 2018: Gasoline, unleaded midgrade experienced an average inflation rate of 3.73% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded midgrade costing $20 in the year 2000 would cost $38.67 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for gasoline, unleaded midgrade was higher.

In the year 2000: Pricing changed by 27.35%, which is significantly above the average yearly change for gasoline, unleaded midgrade during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for gasoline, unleaded midgrade was much higher.

Price Inflation for Gasoline, unleaded midgrade since 1994

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

Years with the largest changes in pricing: 2000 (27.35%), 2009 (-26.70%), and 2011 (25.86%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Gasoline, unleaded midgrade:

Year	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	103.233	104.433	110.367	110.233	96.233	104.467	133.033	127.933	120.233	139.233	163.800	199.100	224.400	242.455	283.195	207.588	244.818	308.138	318.483	311.144	302.087	225.606	203.107	227.627	257.228

View price changes for other categories
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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Gasoline, unleaded midgrade, 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	27.35%
2001	$19.23	-3.83%
2002	$18.08	-6.02%
2003	$20.93	15.80%
2004	$24.63	17.64%
2005	$29.93	21.55%
2006	$33.74	12.71%
2007	$36.45	8.05%
2008	$42.58	16.80%
2009	$31.21	-26.70%
2010	$36.81	17.93%
2011	$46.32	25.86%
2012	$47.88	3.36%
2013	$46.78	-2.30%
2014	$45.42	-2.91%
2015	$33.92	-25.32%
2016	$30.53	-9.97%
2017	$34.22	12.07%
2018	$38.67	13.00%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gasoline, unleaded midgrade, 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 Gasoline, unleaded midgrade was 133.033 in the year 2000 and 257.228 in 2018:

257.228 / 133.033 * $20 = $38.67

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $38.67 in 2018 (in the CPI category of Gasoline, unleaded midgrade).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Gasoline, unleaded midgrade in 1994. In addition to gasoline, unleaded midgrade, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.