According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 2,042.93% higher in 2021 versus 1956 (a $408.59 difference in value).
Between 1956 and 2021: Fuel oil and other fuels experienced an average inflation rate of 4.83% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $20 in the year 1956 would cost $428.59 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for fuel oil and other fuels was higher.
In the year 1956: Pricing changed by 4.53%, which is below the average yearly change for fuel oil and other fuels during the 1956-2021 time period. Compared to inflation for all items in 1956 (1.52%), inflation for fuel oil and other fuels was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuel oil and other fuels:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 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 | 2021 |
| CPI | 5.675 | 5.783 | 5.920 | 5.860 | 5.740 | 5.940 | 6.277 | 6.654 | 7.000 | 7.300 | 7.438 | 7.908 | 9.038 | 10.631 | 10.869 | 11.246 | 11.846 | 12.100 | 12.623 | 12.569 | 12.731 | 13.308 | 13.985 | 13.738 | 13.885 | 13.815 | 14.100 | 14.169 | 14.423 | 14.369 | 14.654 | 15.000 | 15.477 | 15.985 | 16.331 | 17.038 | 18.192 | 18.354 | 21.077 | 33.231 | 36.423 | 38.815 | 43.892 | 46.185 | 62.415 | 86.085 | 104.646 | 103.415 | 97.223 | 99.362 | 95.915 | 77.631 | 77.877 | 78.085 | 81.677 | 99.254 | 94.638 | 90.708 | 90.292 | 88.785 | 88.092 | 99.177 | 99.838 | 89.985 | 91.408 | 129.669 | 129.285 | 115.485 | 139.492 | 160.492 | 208.554 | 234.862 | 251.453 | 334.405 | 239.778 | 275.132 | 337.123 | 335.908 | 332.022 | 338.935 | 256.179 | 226.294 | 254.428 | 292.999 | 280.791 | 237.633 | 285.174 |
Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 1956. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1956 | $20.00 | 4.53% |
| 1957 | $21.02 | 5.09% |
| 1958 | $20.65 | -1.76% |
| 1959 | $20.87 | 1.06% |
| 1960 | $20.76 | -0.50% |
| 1961 | $21.19 | 2.06% |
| 1962 | $21.29 | 0.49% |
| 1963 | $21.68 | 1.79% |
| 1964 | $21.60 | -0.37% |
| 1965 | $22.02 | 1.98% |
| 1966 | $22.54 | 2.36% |
| 1967 | $23.26 | 3.18% |
| 1968 | $24.02 | 3.28% |
| 1969 | $24.54 | 2.17% |
| 1970 | $25.61 | 4.33% |
| 1971 | $27.34 | 6.77% |
| 1972 | $27.58 | 0.89% |
| 1973 | $31.68 | 14.84% |
| 1974 | $49.94 | 57.66% |
| 1975 | $54.74 | 9.61% |
| 1976 | $58.34 | 6.57% |
| 1977 | $65.97 | 13.08% |
| 1978 | $69.41 | 5.22% |
| 1979 | $93.80 | 35.14% |
| 1980 | $129.38 | 37.92% |
| 1981 | $157.27 | 21.56% |
| 1982 | $155.42 | -1.18% |
| 1983 | $146.12 | -5.99% |
| 1984 | $149.33 | 2.20% |
| 1985 | $144.15 | -3.47% |
| 1986 | $116.67 | -19.06% |
| 1987 | $117.04 | 0.32% |
| 1988 | $117.35 | 0.27% |
| 1989 | $122.75 | 4.60% |
| 1990 | $149.17 | 21.52% |
| 1991 | $142.23 | -4.65% |
| 1992 | $136.32 | -4.15% |
| 1993 | $135.70 | -0.46% |
| 1994 | $133.43 | -1.67% |
| 1995 | $132.39 | -0.78% |
| 1996 | $149.05 | 12.58% |
| 1997 | $150.05 | 0.67% |
| 1998 | $135.24 | -9.87% |
| 1999 | $137.38 | 1.58% |
| 2000 | $194.88 | 41.86% |
| 2001 | $194.30 | -0.30% |
| 2002 | $173.56 | -10.67% |
| 2003 | $209.64 | 20.79% |
| 2004 | $241.20 | 15.05% |
| 2005 | $313.43 | 29.95% |
| 2006 | $352.97 | 12.61% |
| 2007 | $377.91 | 7.06% |
| 2008 | $502.57 | 32.99% |
| 2009 | $360.36 | -28.30% |
| 2010 | $413.49 | 14.74% |
| 2011 | $506.66 | 22.53% |
| 2012 | $504.83 | -0.36% |
| 2013 | $498.99 | -1.16% |
| 2014 | $509.38 | 2.08% |
| 2015 | $385.01 | -24.42% |
| 2016 | $340.10 | -11.67% |
| 2017 | $382.38 | 12.43% |
| 2018 | $440.35 | 15.16% |
| 2019 | $422.00 | -4.17% |
| 2020 | $357.14 | -15.37% |
| 2021 | $428.59 | 20.01%* |