Gasoline, unleaded midgrade priced at $20 in 2000 $38.20 in 2018

Historical Price Inflation for Gasoline, unleaded midgrade

$

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

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded midgrade were 90.98% higher in 2018 versus 2000 (a $18.20 difference in value).

Between 2000 and 2018: Gasoline, unleaded midgrade experienced an average inflation rate of 3.66% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded midgrade costing $20 in the year 2000 would cost $38.20 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 96.233 104.467 133.033 127.933 120.233 139.233 163.800 199.100 224.400 242.455 283.195 207.588 244.818 308.138 318.483 311.144 302.087 225.606 203.107 227.627 254.070

View price changes for other categories
Financial services · Minneapolis-St Paul, Minnesota · Food · Juices and nonalcoholic drinks · More

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 $38.20 11.62%*
* 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 254.070 in 2018:

254.070 / 133.033 * $20 = $38.20

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $38.20 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.

» Read more about inflation and investment.