Gas priced at $20 in 1984 $47.46 in 2019

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Prices for Gas, 1984-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for gasoline (all types) were 137.30% higher in 2019 versus 1984 (a $27.46 difference in value).

Between 1984 and 2019: Gas experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, gas costing $20 in the year 1984 would cost $47.46 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for gas was lower.

Price Inflation for Gasoline (all types) since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (28.43%), 2009 (-27.36%), and 2015 (-27.12%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Gasoline (all types):

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 2019
CPI 97.767 98.600 76.967 80.133 80.833 88.467 100.967 99.233 98.967 97.733 98.200 99.800 105.867 105.767 91.600 100.133 128.600 124.000 116.000 135.133 159.700 194.700 219.933 237.959 277.457 201.555 238.594 301.694 311.470 302.577 290.889 212.007 187.602 211.770 240.599 232.003

View price changes for other categories
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Buying power of $20 since 1984

Below are calculations of equivalent buying power for Gas, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1984 $20.00 -
1985 $20.17 0.85%
1986 $15.74 -21.94%
1987 $16.39 4.11%
1988 $16.54 0.87%
1989 $18.10 9.44%
1990 $20.65 14.13%
1991 $20.30 -1.72%
1992 $20.25 -0.27%
1993 $19.99 -1.25%
1994 $20.09 0.48%
1995 $20.42 1.63%
1996 $21.66 6.08%
1997 $21.64 -0.09%
1998 $18.74 -13.39%
1999 $20.48 9.32%
2000 $26.31 28.43%
2001 $25.37 -3.58%
2002 $23.73 -6.45%
2003 $27.64 16.49%
2004 $32.67 18.18%
2005 $39.83 21.92%
2006 $44.99 12.96%
2007 $48.68 8.20%
2008 $56.76 16.60%
2009 $41.23 -27.36%
2010 $48.81 18.38%
2011 $61.72 26.45%
2012 $63.72 3.24%
2013 $61.90 -2.86%
2014 $59.51 -3.86%
2015 $43.37 -27.12%
2016 $38.38 -11.51%
2017 $43.32 12.88%
2018 $49.22 13.61%
2019 $47.46 -3.57%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for gas, 1984-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 1984 * 1984 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Gasoline (all types) was 97.767 in the year 1984 and 232.003 in 2019:

232.003 / 97.767 * $20 = $47.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $47.46 in 2019 (in the CPI category of Gasoline (all types)).


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

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