Gasoline, unleaded premium priced at $20 in 1983 $43.38 in 2020

Gasoline, Unleaded Premium Inflation Calculator

$

Prices for Gasoline, Unleaded Premium, 1983-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for gasoline, unleaded premium were 116.88% higher in 2020 versus 1983 (a $23.38 difference in value).

Between 1983 and 2020: Gasoline, unleaded premium experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, gasoline, unleaded premium costing $20 in the year 1983 would cost $43.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for gasoline, unleaded premium was lower.

Price Inflation for Gasoline, unleaded premium since 1983

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (25.43%), 2009 (-25.41%), and 2011 (24.53%).

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

Year 1983 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 2019 2020
CPI 99.600 99.083 100.075 81.500 83.117 84.558 91.617 103.575 102.133 101.883 101.017 101.283 102.183 107.083 106.875 94.183 101.833 127.725 123.275 116.217 134.150 156.483 188.817 211.658 229.047 265.691 198.174 232.179 289.130 299.485 293.691 284.388 218.564 199.739 223.496 251.978 247.396 216.010

View price changes for other categories
Jewelry · Milk · Rent of primary residence · Airline fares · More

Buying power of $20 since 1983

Below are calculations of equivalent buying power for Gasoline, unleaded premium, over time, for $20 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1983 $20.00 -
1984 $19.90 -0.52%
1985 $20.10 1.00%
1986 $16.37 -18.56%
1987 $16.69 1.98%
1988 $16.98 1.73%
1989 $18.40 8.35%
1990 $20.80 13.05%
1991 $20.51 -1.39%
1992 $20.46 -0.24%
1993 $20.28 -0.85%
1994 $20.34 0.26%
1995 $20.52 0.89%
1996 $21.50 4.80%
1997 $21.46 -0.19%
1998 $18.91 -11.88%
1999 $20.45 8.12%
2000 $25.65 25.43%
2001 $24.75 -3.48%
2002 $23.34 -5.73%
2003 $26.94 15.43%
2004 $31.42 16.65%
2005 $37.91 20.66%
2006 $42.50 12.10%
2007 $45.99 8.22%
2008 $53.35 16.00%
2009 $39.79 -25.41%
2010 $46.62 17.16%
2011 $58.06 24.53%
2012 $60.14 3.58%
2013 $58.97 -1.93%
2014 $57.11 -3.17%
2015 $43.89 -23.15%
2016 $40.11 -8.61%
2017 $44.88 11.89%
2018 $50.60 12.74%
2019 $49.68 -1.82%
2020 $43.38 -12.69%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gasoline, unleaded premium, 1983-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1983 * 1983 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Gasoline, unleaded premium was 99.600 in the year 1983 and 216.010 in 2020:

216.010 / 99.600 * $20 = $43.38

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1983 has the same "purchasing power" as $43.38 in 2020 (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 1983. 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.

» Read more about inflation and investment.