Fuel oil and other fuels price history from 2016 through 2021

Fuel Oil And Other Fuels Inflation Calculator

Prices for Fuel Oil And Other Fuels, 2016-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 25.24% higher in 2021 versus 2016 (a $5.05 difference in value).

Between 2016 and 2021: Fuel oil and other fuels experienced an average inflation rate of 4.60% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $20 in the year 2016 would cost $25.05 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for fuel oil and other fuels was higher.

In the year 2016: Pricing changed by -11.67%, which is significantly below the average yearly change for fuel oil and other fuels during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fuel oil and other fuels was much lower.

Price Inflation for Fuel oil and other fuels since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1974 (57.66%), 2000 (41.86%), and 1980 (37.92%).

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	283.421

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Buying power of $20 since 2016

Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	-11.67%
2017	$22.49	12.43%
2018	$25.90	15.16%
2019	$24.82	-4.17%
2020	$21.00	-15.37%
2021	$25.05	19.27%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for fuel oil and other fuels, 2016-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2016 * 2016 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Fuel oil and other fuels was 226.294 in the year 2016 and 283.421 in 2021:

283.421 / 226.294 * $20 = $25.05

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $25.05 in 2021 (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 1935. 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.