According to the U.S. Bureau of Labor Statistics, prices for fuel oil were 9.26% higher in 2021 versus 2009 (a $1.85 difference in value).
Between 2009 and 2021: Fuel oil experienced an average inflation rate of 0.74% per year. In other words, fuel oil costing $20 in the year 2009 would cost $21.85 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.72% during this same period, inflation for fuel oil was lower.
In the year 2009: Pricing changed by -34.19%, which is significantly below the average yearly change for fuel oil during the 2009-2021 time period. Compared to inflation for all items in 2009 (-0.36%), 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 | 262.434 |
Below are calculations of equivalent buying power for Fuel oil, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2009 | $20.00 | -34.19% |
2010 | $23.56 | 17.79% |
2011 | $30.63 | 30.00% |
2012 | $31.32 | 2.26% |
2013 | $30.83 | -1.57% |
2014 | $30.39 | -1.41% |
2015 | $21.18 | -30.33% |
2016 | $17.42 | -17.75% |
2017 | $20.13 | 15.55% |
2018 | $24.65 | 22.49% |
2019 | $23.51 | -4.61% |
2020 | $18.15 | -22.80% |
2021 | $21.85 | 20.38%* |