According to the U.S. Bureau of Labor Statistics, prices for fuel oil and other fuels were 4.17% lower in 2019 versus 2018 (a $0.83 difference in value).
Between 2018 and 2019: Fuel oil and other fuels experienced an average inflation rate of -4.17% per year. This rate of change indicates significant deflation. In other words, fuel oil and other fuels costing $20 in the year 2018 would cost $19.17 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for fuel oil and other fuels was significantly lower.
In the year 2018: Pricing changed by 193.49%, which is significantly above the average yearly change for fuel oil and other fuels during the 2018-2019 time period. Compared to inflation for all items in 2018 (2.44%), 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:
Below are calculations of equivalent buying power for Fuel oil and other fuels, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|