According to the U.S. Bureau of Labor Statistics, prices for fuel oil were 3,527.18% higher in 2021 versus 1945 (a $705.44 difference in value).
Between 1945 and 2021: Fuel oil experienced an average inflation rate of 4.84% per year. This rate of change indicates significant inflation. In other words, fuel oil costing $20 in the year 1945 would cost $725.44 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for fuel oil was higher.
In the year 1945: Pricing changed by -4.80%, which is significantly below the average yearly change for fuel oil during the 1945-2021 time period. Compared to inflation for all items in 1945 (2.27%), inflation for fuel oil was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuel oil:
| 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 | 5.575 | 5.800 | 6.800 | 6.340 | 5.840 | 6.086 | 6.300 | 7.231 | 7.800 | 7.846 | 7.469 | 7.562 | 8.800 | 11.520 | 10.860 | 11.040 | 11.620 | 11.900 | 12.508 | 12.592 | 13.023 | 13.638 | 14.338 | 13.515 | 13.715 | 13.469 | 14.015 | 14.008 | 14.315 | 14.000 | 14.285 | 14.654 | 15.138 | 15.600 | 15.938 | 16.546 | 17.569 | 17.623 | 20.362 | 32.231 | 34.908 | 37.408 | 42.400 | 44.915 | 63.054 | 87.723 | 107.323 | 105.000 | 96.500 | 98.515 | 94.577 | 74.077 | 75.815 | 75.769 | 80.338 | 98.638 | 92.408 | 87.969 | 87.215 | 85.638 | 84.754 | 97.015 | 96.862 | 84.838 | 86.562 | 130.262 | 125.823 | 111.531 | 136.638 | 160.000 | 216.362 | 244.585 | 262.597 | 365.000 | 240.197 | 282.932 | 367.804 | 376.126 | 370.234 | 365.008 | 254.318 | 209.182 | 241.714 | 296.064 | 282.408 | 218.008 | 270.923 |
Below are calculations of equivalent buying power for Fuel oil, over time, for $20 beginning in 1945. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1945 | $20.00 | -4.80% |
| 1946 | $20.25 | 1.24% |
| 1947 | $23.56 | 16.38% |
| 1948 | $30.85 | 30.91% |
| 1949 | $29.08 | -5.73% |
| 1950 | $29.56 | 1.66% |
| 1951 | $31.11 | 5.25% |
| 1952 | $31.86 | 2.41% |
| 1953 | $33.49 | 5.11% |
| 1954 | $33.72 | 0.68% |
| 1955 | $34.87 | 3.42% |
| 1956 | $36.52 | 4.73% |
| 1957 | $38.39 | 5.13% |
| 1958 | $36.19 | -5.74% |
| 1959 | $36.73 | 1.48% |
| 1960 | $36.07 | -1.79% |
| 1961 | $37.53 | 4.05% |
| 1962 | $37.51 | -0.05% |
| 1963 | $38.33 | 2.20% |
| 1964 | $37.49 | -2.20% |
| 1965 | $38.25 | 2.03% |
| 1966 | $39.24 | 2.58% |
| 1967 | $40.54 | 3.31% |
| 1968 | $41.77 | 3.05% |
| 1969 | $42.68 | 2.17% |
| 1970 | $44.30 | 3.81% |
| 1971 | $47.04 | 6.18% |
| 1972 | $47.19 | 0.31% |
| 1973 | $54.52 | 15.54% |
| 1974 | $86.30 | 58.29% |
| 1975 | $93.47 | 8.31% |
| 1976 | $100.16 | 7.16% |
| 1977 | $113.53 | 13.35% |
| 1978 | $120.27 | 5.93% |
| 1979 | $168.84 | 40.38% |
| 1980 | $234.89 | 39.12% |
| 1981 | $287.37 | 22.34% |
| 1982 | $281.15 | -2.16% |
| 1983 | $258.39 | -8.10% |
| 1984 | $263.79 | 2.09% |
| 1985 | $253.24 | -4.00% |
| 1986 | $198.35 | -21.68% |
| 1987 | $203.01 | 2.35% |
| 1988 | $202.88 | -0.06% |
| 1989 | $215.12 | 6.03% |
| 1990 | $264.12 | 22.78% |
| 1991 | $247.44 | -6.32% |
| 1992 | $235.55 | -4.80% |
| 1993 | $233.53 | -0.86% |
| 1994 | $229.31 | -1.81% |
| 1995 | $226.94 | -1.03% |
| 1996 | $259.77 | 14.47% |
| 1997 | $259.36 | -0.16% |
| 1998 | $227.17 | -12.41% |
| 1999 | $231.78 | 2.03% |
| 2000 | $348.80 | 50.48% |
| 2001 | $336.91 | -3.41% |
| 2002 | $298.64 | -11.36% |
| 2003 | $365.87 | 22.51% |
| 2004 | $428.42 | 17.10% |
| 2005 | $579.34 | 35.23% |
| 2006 | $654.91 | 13.04% |
| 2007 | $703.14 | 7.36% |
| 2008 | $977.34 | 39.00% |
| 2009 | $643.16 | -34.19% |
| 2010 | $757.59 | 17.79% |
| 2011 | $984.85 | 30.00% |
| 2012 | $1,007.14 | 2.26% |
| 2013 | $991.36 | -1.57% |
| 2014 | $977.37 | -1.41% |
| 2015 | $680.97 | -30.33% |
| 2016 | $560.12 | -17.75% |
| 2017 | $647.23 | 15.55% |
| 2018 | $792.76 | 22.49% |
| 2019 | $756.19 | -4.61% |
| 2020 | $583.75 | -22.80% |
| 2021 | $725.44 | 24.27%* |