According to the U.S. Bureau of Labor Statistics, prices for fuel oil were 1,762.34% higher in 2020 versus 1955 (a $352.47 difference in value).
Between 1955 and 2020: Fuel oil experienced an average inflation rate of 4.60% per year. This rate of change indicates significant inflation. In other words, fuel oil costing $20 in the year 1955 would cost $372.47 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.55% during this same period, inflation for fuel oil was higher.
In the year 1955: Pricing changed by 3.31%, which is below the average yearly change for fuel oil during the 1955-2020 time period. Compared to inflation for all items in 1955 (-0.29%), inflation for fuel oil was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fuel oil:
| Year | 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 |
| CPI | 11.892 | 12.508 | 12.592 | 13.008 | 13.658 | 14.350 | 13.525 | 13.700 | 13.475 | 14.025 | 14.025 | 14.300 | 14.000 | 14.292 | 14.675 | 15.133 | 15.625 | 15.942 | 16.550 | 17.575 | 17.658 | 20.358 | 32.250 | 34.883 | 37.400 | 42.408 | 44.958 | 63.158 | 87.775 | 107.350 | 105.017 | 96.483 | 98.550 | 94.592 | 74.008 | 75.908 | 75.758 | 80.325 | 98.625 | 92.258 | 88.008 | 87.233 | 85.633 | 84.767 | 97.017 | 96.758 | 84.817 | 86.775 | 130.417 | 125.692 | 111.608 | 136.300 | 159.708 | 216.358 | 244.583 | 262.597 | 365.000 | 240.197 | 282.932 | 367.804 | 376.126 | 370.154 | 364.669 | 254.054 | 209.267 | 241.697 | 296.158 | 282.425 | 242.259 |
Below are calculations of equivalent buying power for Fuel oil, over time, for $20 beginning in 1955. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1955 | $20.00 | 3.31% |
| 1956 | $21.00 | 5.00% |
| 1957 | $22.06 | 5.06% |
| 1958 | $20.79 | -5.75% |
| 1959 | $21.06 | 1.29% |
| 1960 | $20.72 | -1.64% |
| 1961 | $21.56 | 4.08% |
| 1962 | $21.56 | 0.00% |
| 1963 | $21.99 | 1.96% |
| 1964 | $21.52 | -2.10% |
| 1965 | $21.97 | 2.08% |
| 1966 | $22.56 | 2.68% |
| 1967 | $23.27 | 3.12% |
| 1968 | $24.02 | 3.25% |
| 1969 | $24.51 | 2.03% |
| 1970 | $25.45 | 3.82% |
| 1971 | $27.02 | 6.19% |
| 1972 | $27.15 | 0.47% |
| 1973 | $31.30 | 15.29% |
| 1974 | $49.58 | 58.41% |
| 1975 | $53.63 | 8.17% |
| 1976 | $57.50 | 7.21% |
| 1977 | $65.20 | 13.39% |
| 1978 | $69.12 | 6.01% |
| 1979 | $97.10 | 40.48% |
| 1980 | $134.95 | 38.98% |
| 1981 | $165.05 | 22.30% |
| 1982 | $161.46 | -2.17% |
| 1983 | $148.34 | -8.13% |
| 1984 | $151.52 | 2.14% |
| 1985 | $145.43 | -4.02% |
| 1986 | $113.79 | -21.76% |
| 1987 | $116.71 | 2.57% |
| 1988 | $116.48 | -0.20% |
| 1989 | $123.50 | 6.03% |
| 1990 | $151.63 | 22.78% |
| 1991 | $141.84 | -6.46% |
| 1992 | $135.31 | -4.61% |
| 1993 | $134.12 | -0.88% |
| 1994 | $131.66 | -1.83% |
| 1995 | $130.33 | -1.01% |
| 1996 | $149.16 | 14.45% |
| 1997 | $148.76 | -0.27% |
| 1998 | $130.40 | -12.34% |
| 1999 | $133.41 | 2.31% |
| 2000 | $200.51 | 50.29% |
| 2001 | $193.25 | -3.62% |
| 2002 | $171.60 | -11.20% |
| 2003 | $209.56 | 22.12% |
| 2004 | $245.55 | 17.17% |
| 2005 | $332.65 | 35.47% |
| 2006 | $376.04 | 13.05% |
| 2007 | $403.74 | 7.37% |
| 2008 | $561.18 | 39.00% |
| 2009 | $369.30 | -34.19% |
| 2010 | $435.00 | 17.79% |
| 2011 | $565.49 | 30.00% |
| 2012 | $578.29 | 2.26% |
| 2013 | $569.10 | -1.59% |
| 2014 | $560.67 | -1.48% |
| 2015 | $390.60 | -30.33% |
| 2016 | $321.74 | -17.63% |
| 2017 | $371.60 | 15.50% |
| 2018 | $455.34 | 22.53% |
| 2019 | $434.22 | -4.64% |
| 2020 | $372.47 | -14.22%* |
