Gasoline, unleaded midgrade priced at $20 in 1994 $42.06 in 2020

Gasoline, Unleaded Midgrade Inflation Calculator

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Prices for Gasoline, Unleaded Midgrade, 1994-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded midgrade were 110.32% higher in 2020 versus 1994 (a $22.06 difference in value).

Between 1994 and 2020: Gasoline, unleaded midgrade experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded midgrade costing $20 in the year 1994 would cost $42.06 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for gasoline, unleaded midgrade was 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 2019 2020
CPI 103.233 104.433 110.367 110.233 96.233 104.467 133.033 127.933 120.233 139.233 163.800 199.100 224.400 242.455 283.195 207.588 244.818 308.138 318.483 311.144 302.087 225.606 203.107 227.627 257.228 250.813 217.117

View price changes for other categories
Indoor plants and flowers · Hospital services · Gasoline (all types) · Rent of primary residence · More

Buying power of $20 since 1994

Below are calculations of equivalent buying power for Gasoline, unleaded midgrade, over time, for $20 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1994 $20.00 -
1995 $20.23 1.16%
1996 $21.38 5.68%
1997 $21.36 -0.12%
1998 $18.64 -12.70%
1999 $20.24 8.56%
2000 $25.77 27.35%
2001 $24.79 -3.83%
2002 $23.29 -6.02%
2003 $26.97 15.80%
2004 $31.73 17.64%
2005 $38.57 21.55%
2006 $43.47 12.71%
2007 $46.97 8.05%
2008 $54.87 16.80%
2009 $40.22 -26.70%
2010 $47.43 17.93%
2011 $59.70 25.86%
2012 $61.70 3.36%
2013 $60.28 -2.30%
2014 $58.53 -2.91%
2015 $43.71 -25.32%
2016 $39.35 -9.97%
2017 $44.10 12.07%
2018 $49.83 13.00%
2019 $48.59 -2.49%
2020 $42.06 -13.43%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gasoline, unleaded midgrade, 1994-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1994 * 1994 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Gasoline, unleaded midgrade was 103.233 in the year 1994 and 217.117 in 2020:

217.117 / 103.233 * $20 = $42.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1994 has the same "purchasing power" as $42.06 in 2020 (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.

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