Gasoline, unleaded midgrade price history from 1993 through 2021

Gasoline, Unleaded Midgrade Inflation Calculator

Prices for Gasoline, Unleaded Midgrade, 1993-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded midgrade were 145.47% higher in 2021 versus 1993 (a $29.09 difference in value).

Between 1993 and 2021: Gasoline, unleaded midgrade experienced an average inflation rate of 3.26% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded midgrade costing $20 in the year 1993 would cost $49.09 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for gasoline, unleaded midgrade was higher.

Price Inflation for Gasoline, unleaded midgrade since 1993

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

Years with the largest changes in pricing: 2000 (27.32%), 2009 (-26.70%), and 2011 (25.86%).

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

Year	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	2020	2021
CPI	100.000	103.238	104.423	110.362	110.238	96.231	104.485	133.031	127.915	120.223	139.208	163.769	199.077	224.392	242.455	283.195	207.588	244.818	308.138	318.483	311.144	302.087	225.606	203.107	227.627	257.228	250.813	216.333	245.467

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Buying power of $20 since 1993

Below are calculations of equivalent buying power for Gasoline, unleaded midgrade, over time, for $20 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1993	$20.00	-
1994	$20.65	3.24%
1995	$20.88	1.15%
1996	$22.07	5.69%
1997	$22.05	-0.11%
1998	$19.25	-12.71%
1999	$20.90	8.58%
2000	$26.61	27.32%
2001	$25.58	-3.85%
2002	$24.04	-6.01%
2003	$27.84	15.79%
2004	$32.75	17.64%
2005	$39.82	21.56%
2006	$44.88	12.72%
2007	$48.49	8.05%
2008	$56.64	16.80%
2009	$41.52	-26.70%
2010	$48.96	17.93%
2011	$61.63	25.86%
2012	$63.70	3.36%
2013	$62.23	-2.30%
2014	$60.42	-2.91%
2015	$45.12	-25.32%
2016	$40.62	-9.97%
2017	$45.53	12.07%
2018	$51.45	13.00%
2019	$50.16	-2.49%
2020	$43.27	-13.75%
2021	$49.09	13.47%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gasoline, unleaded midgrade, 1993-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1993 * 1993 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Gasoline, unleaded midgrade was 100.000 in the year 1993 and 245.467 in 2021:

245.467 / 100.000 * $20 = $49.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1993 has the same "purchasing power" as $49.09 in 2021 (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 1993. 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.