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.
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 |
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%* |