Fuel oil and other fuels priced at $5.86 in 2016 $11.42 in 2022

Fuel Oil And Other Fuels Inflation Calculator

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Prices for Fuel Oil And Other Fuels, 2016-2022 ($5.86)

According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels are 94.83% higher in 2022 versus 2016 (a $5.56 difference in value).

The current national average price is $5.86 for "Fuel oil #2 per gallon (3.785 liters)". This data is collected by a national survey and can vary from region to region.

Between 2016 and 2022: Fuel oil and other fuels experienced an average inflation rate of 11.76% per year. This rate of change indicates significant inflation. In other words, fuel oil and other fuels costing $5.86 in the year 2016 would cost $11.42 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.11% during this same period, inflation for fuel oil and other fuels was significantly 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 2016-2022 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%), 2022 (45.68%), and 2000 (41.86%).

Price history

The average price for Fuel oil and other fuels is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Fuel oil #2 per gallon (3.785 liters):

YearAverage price (Fuel oil and other fuels)Inflation adjusted price (2022 dollars)
2022$5.86 (latest available value)$5.86
2021$3.01$4.38
2020$2.29$4.25
2019$2.98$4.69
2018$3.09$4.65
2017$2.45$4.24
2016$2.11$4.11
2015$2.60$4.48
2014$3.71$4.82
2013$3.72$4.94
2012$3.75$4.93
2011$3.71$4.85
2010$2.93$4.69
2009$2.51$4.62
2008$3.75$4.95
2007$2.68$4.70
2006$2.50$4.68
2005$2.22$4.69
2004$1.65$4.52
2003$1.40$4.43
2002$1.16$4.43
2001$1.31$4.47
2000$1.36$4.62
1999$0.90$4.34
1998$0.88$4.31
1997$1.01$4.48
1996$1.02$4.53
1995$0.89$4.47
1994$0.92$4.55
1993$0.94$4.61
1992$0.96$4.67
1991$1.02$4.74
1990$1.09$4.83
1989$0.89$4.79
1988$0.85$4.78
1987$0.85$4.82
1986$0.83$4.74
1985$1.08$4.96
1984$1.12$4.97
1983$1.10$4.99
1982$1.21$5.15
1981$1.25$5.25
1980$1.01$5.17
1979$0.73$5.14
1978$0.54$5.15

View price changes for other categories
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Buying power of $5.86 since 2016

Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $5.86 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$5.86-11.67%
2017$6.5912.43%
2018$7.5915.16%
2019$7.27-4.17%
2020$6.15-15.37%
2021$7.8427.36%
2022$11.4245.68%*
* Not final. See inflation summary for latest details.

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

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI5.6755.7835.9205.8605.7405.9406.2776.6547.0007.3007.4387.9089.03810.63110.86911.24611.84612.10012.62312.56912.73113.30813.98513.73813.88513.81514.10014.16914.42314.36914.65415.00015.47715.98516.33117.03818.19218.35421.07733.23136.42338.81543.89246.18562.41586.085104.646103.41597.22399.36295.91577.63177.87778.08581.67799.25494.63890.70890.29288.78588.09299.17799.83889.98591.408129.669129.285115.485139.492160.492208.554234.862251.453334.405239.778275.132337.123335.908332.022338.935256.179226.294254.428292.999280.791237.633302.642440.887

Adjust fuel oil and other fuels prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 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 440.887 in 2022:

440.887 / 226.294 * $5.86 = $11.42

Therefore, according to U.S. Bureau of Labor Statistics, $5.86 in 2016 has the same "purchasing power" as $11.42 in 2022 (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.

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