Gasoline, unleaded midgrade priced at $4.61 in 1993 $16.32 in 2022

Gasoline, Unleaded Midgrade Inflation Calculator

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Prices for Gasoline, Unleaded Midgrade, 1993-2022 ($4.61)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded midgrade are 254.03% higher in 2022 versus 1993 (a $11.71 difference in value).

The current national average price is $4.61 for "Gasoline, unleaded midgrade, per gallon/3.785 liters". This data is collected by a national survey and can vary from region to region.

Between 1993 and 2022: Gasoline, unleaded midgrade experienced an average inflation rate of 4.46% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded midgrade costing $4.61 in the year 1993 would cost $16.32 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.38% 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: 2021 (31.66%), 2000 (27.32%), and 2009 (-26.70%).

Price history

The average price for Gasoline, unleaded midgrade is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Gasoline, unleaded midgrade, per gallon/3.785 liters:

Year Average price (Gasoline, unleaded midgrade) Inflation adjusted price (2022 dollars)
2022 $4.61 (latest available value) $4.61
2021 $3.40 $3.40
2020 $2.52 $3.13
2019 $2.96 $4.85
2018 $3.03 $4.28
2017 $2.69 $3.71
2016 $2.40 $3.73
2015 $2.69 $4.69
2014 $3.56 $5.58
2013 $3.68 $4.32
2012 $3.77 $4.29
2011 $3.66 $4.06
2010 $2.91 $3.34
2009 $2.47 $3.57
2008 $3.38 $5.77
2007 $2.91 $3.64
2006 $2.69 $3.93
2005 $2.39 $3.77
2004 $1.98 $3.52
2003 $1.69 $3.65
2002 $1.47 $3.74
2001 $1.58 $4.64
2000 $1.60 $4.43
1999 $1.26 $3.36
1998 $1.16 $3.93
1997 $1.33 $4.88
1996 $1.32 $4.25
1995 $1.24 $3.99
1994 $1.22 $4.14
1993 $1.19 $4.06

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Buying power of $4.61 since 1993

Below are calculations of equivalent buying power for Gasoline, unleaded midgrade, over time, for $4.61 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 $4.61 -
1994 $4.76 3.24%
1995 $4.81 1.15%
1996 $5.09 5.69%
1997 $5.08 -0.11%
1998 $4.44 -12.71%
1999 $4.82 8.58%
2000 $6.13 27.32%
2001 $5.90 -3.85%
2002 $5.54 -6.01%
2003 $6.42 15.79%
2004 $7.55 17.64%
2005 $9.18 21.56%
2006 $10.34 12.72%
2007 $11.18 8.05%
2008 $13.06 16.80%
2009 $9.57 -26.70%
2010 $11.29 17.93%
2011 $14.21 25.86%
2012 $14.68 3.36%
2013 $14.34 -2.30%
2014 $13.93 -2.91%
2015 $10.40 -25.32%
2016 $9.36 -9.97%
2017 $10.49 12.07%
2018 $11.86 13.00%
2019 $11.56 -2.49%
2020 $9.97 -13.75%
2021 $13.13 31.66%
2022 $16.32 24.29%*
* Not final. See inflation summary for latest details.

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 2022
CPI 100.000 103.238 104.423 110.362 110.238 96.231 104.485 133.031 127.915 120.223 139.208 163.769 199.077 224.392 242.455 283.195 207.588 244.818 308.138 318.483 311.144 302.087 225.606 203.107 227.627 257.228 250.813 216.333 284.831 354.027

Adjust gasoline, unleaded midgrade prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1993 * 1993 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Gasoline, unleaded midgrade was 100.000 in the year 1993 and 354.027 in 2022:

354.027 / 100.000 * $4.61 = $16.32

Therefore, according to U.S. Bureau of Labor Statistics, $4.61 in 1993 has the same "purchasing power" as $16.32 in 2022 (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.

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