Fuel oil and other fuels priced at $20 in 1989 $59.74 in 2020

Fuel Oil And Other Fuels Inflation Calculator

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Prices for Fuel Oil And Other Fuels, 1989-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 198.68% higher in 2020 versus 1989 (a $39.74 difference in value).

Between 1989 and 2020: Fuel oil and other fuels experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $20 in the year 1989 would cost $59.74 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for fuel oil and other fuels was higher.

In the year 1989: Pricing changed by 4.61%, which is above the average yearly change for fuel oil and other fuels during the 1989-2020 time period. Compared to inflation for all items in 1989 (4.83%), inflation for fuel oil and other fuels was lower.

Price Inflation for Fuel oil and other fuels since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2018 (193.49%), 1990 (21.54%), and 1986 (-19.05%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuel oil and other fuels:

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 2020
CPI 99.367 95.900 77.633 77.867 78.100 81.700 99.300 94.633 90.700 90.300 88.800 88.100 99.200 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 99.833 292.999 280.791 244.024

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Buying power of $20 since 1989

Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1989 $20.00 4.61%
1990 $24.31 21.54%
1991 $23.17 -4.70%
1992 $22.20 -4.16%
1993 $22.11 -0.44%
1994 $21.74 -1.66%
1995 $21.57 -0.79%
1996 $24.28 12.60%
1997 $24.44 0.64%
1998 $24.44 0.00%
1999 $24.44 0.00%
2000 $24.44 0.00%
2001 $24.44 0.00%
2002 $24.44 0.00%
2003 $24.44 0.00%
2004 $24.44 0.00%
2005 $24.44 0.00%
2006 $24.44 0.00%
2007 $24.44 0.00%
2008 $24.44 0.00%
2009 $24.44 0.00%
2010 $24.44 0.00%
2011 $24.44 0.00%
2012 $24.44 0.00%
2013 $24.44 0.00%
2014 $24.44 0.00%
2015 $24.44 0.00%
2016 $24.44 0.00%
2017 $24.44 0.00%
2018 $71.73 193.49%
2019 $68.74 -4.17%
2020 $59.74 -13.09%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil and other fuels, 1989-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1989 * 1989 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Fuel oil and other fuels was 81.700 in the year 1989 and 244.024 in 2020:

244.024 / 81.700 * $20 = $59.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $59.74 in 2020 (in the CPI category of Fuel oil and other fuels).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fuel oil and other fuels in 1984. In addition to fuel oil and other 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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