Other motor fuels priced at $20 in 1997 $58.76 in 2024

Other Motor Fuels Inflation Calculator

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Prices for Other Motor Fuels, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other motor fuels are 193.78% higher in 2024 versus 1997 (a $38.76 difference in value).

Between 1997 and 2024: Other motor fuels experienced an average inflation rate of 4.07% per year. This rate of change indicates significant inflation. In other words, other motor fuels costing $20 in the year 1997 would cost $58.76 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for other motor fuels was higher.

Price Inflation for Other motor fuels since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (53.39%), 2009 (-35.52%), and 2000 (31.15%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Other motor fuels, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$18.49-7.55%
1999$19.173.65%
2000$25.1431.15%
2001$24.62-2.06%
2002$22.27-9.54%
2003$24.409.53%
2004$28.3216.09%
2005$36.7529.75%
2006$40.9911.56%
2007$43.435.94%
2008$56.6230.37%
2009$36.51-35.52%
2010$43.5819.36%
2011$55.9228.32%
2012$57.663.10%
2013$56.68-1.69%
2014$55.33-2.38%
2015$39.50-28.61%
2016$33.17-16.04%
2017$38.1915.15%
2018$45.7619.82%
2019$44.24-3.33%
2020$37.75-14.68%
2021$47.5525.96%
2022$72.9353.39%
2023$62.95-13.68%
2024$58.76-6.67%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other motor fuels:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00092.45495.831125.685123.100111.362121.977141.600183.731204.969217.145283.092182.549217.895279.608288.282283.401276.665197.519165.843190.966228.810221.200188.735237.726364.637314.763293.775

Adjust other motor fuels prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other motor fuels was 100.000 in the year 1997 and 293.775 in 2024:

293.775 / 100.000 * $20 = $58.76

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $58.76 in 2024 (in the CPI category of Other motor fuels).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other motor fuels in 1997. In addition to other motor fuels, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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