Gasoline, unleaded premium priced at $20 in 2000 $38.96 in 2018

Historical Price Inflation for Gasoline, unleaded premium

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

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded premium were 94.81% higher in 2018 versus 2000 (a $18.96 difference in value).

Between 2000 and 2018: Gasoline, unleaded premium experienced an average inflation rate of 3.77% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded premium costing $20 in the year 2000 would cost $38.96 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for gasoline, unleaded premium was higher.

In the year 2000: Pricing changed by 25.40%, which is significantly above the average yearly change for gasoline, unleaded premium during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for gasoline, unleaded premium was much higher.

Price Inflation for Gasoline, unleaded premium since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (-25.84%), 2000 (25.40%), and 2011 (24.89%).

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

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 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
CPI 99.067 100.100 81.467 83.200 84.600 91.700 103.667 102.133 101.867 100.900 101.300 102.200 107.100 106.833 94.167 101.833 127.700 123.433 116.300 133.800 156.367 188.733 212.067 228.966 266.547 197.659 231.780 289.460 299.617 293.859 284.886 219.014 199.810 223.312 248.775

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Gasoline, unleaded premium, 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 25.40%
2001 $19.33 -3.34%
2002 $18.21 -5.78%
2003 $20.96 15.05%
2004 $24.49 16.87%
2005 $29.56 20.70%
2006 $33.21 12.36%
2007 $35.86 7.97%
2008 $41.75 16.41%
2009 $30.96 -25.84%
2010 $36.30 17.26%
2011 $45.33 24.89%
2012 $46.93 3.51%
2013 $46.02 -1.92%
2014 $44.62 -3.05%
2015 $34.30 -23.12%
2016 $31.29 -8.77%
2017 $34.97 11.76%
2018 $38.96 11.40%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gasoline, unleaded premium, 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 premium was 127.700 in the year 2000 and 248.775 in 2018:

248.775 / 127.700 * $20 = $38.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $38.96 in 2018 (in the CPI category of Gasoline, unleaded premium).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Gasoline, unleaded premium in 1984. In addition to gasoline, unleaded premium, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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