Motor fuel priced at $20 in 2000 → $39.10 in 2021

Motor Fuel Inflation Calculator

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Prices for Motor Fuel, 2000-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor fuel were 95.49% higher in 2021 versus 2000 (a $19.10 difference in value).

Between 2000 and 2021: Motor fuel experienced an average inflation rate of 3.24% per year. This rate of change indicates significant inflation. In other words, motor fuel costing $20 in the year 2000 would cost $39.10 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for motor fuel was higher.

In the year 2000: Pricing changed by 28.42%, which is significantly above the average yearly change for motor fuel during the 2000-2021 time period. Compared to inflation for all items in 2000 (3.38%), inflation for motor fuel was much higher.

Price Inflation for Motor fuel since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (38.92%), 1974 (35.49%), and 1979 (35.37%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor fuel:

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 13.125 13.617 14.220 13.740 12.920 12.614 13.308 14.077 14.254 14.300 14.246 14.508 16.350 18.640 19.140 18.960 19.520 20.040 21.340 21.740 22.140 22.880 23.769 23.431 23.715 24.408 24.146 24.292 24.223 24.100 25.167 25.640 26.385 26.785 27.662 27.885 28.069 28.415 31.169 42.231 45.100 46.977 49.692 51.808 70.131 97.423 108.462 102.800 99.377 97.838 98.669 77.100 80.223 80.885 88.515 101.177 99.400 99.023 97.992 98.477 99.969 106.285 106.223 92.169 100.708 129.331 124.700 116.608 135.762 160.385 195.669 221.031 239.070 279.652 201.978 239.178 302.619 312.660 303.850 292.435 213.062 188.389 212.721 241.861 233.234 195.242 252.827
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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Motor fuel, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 28.42%
2001 $19.28 -3.58%
2002 $18.03 -6.49%
2003 $20.99 16.43%
2004 $24.80 18.14%
2005 $30.26 22.00%
2006 $34.18 12.96%
2007 $36.97 8.16%
2008 $43.25 16.97%
2009 $31.23 -27.78%
2010 $36.99 18.42%
2011 $46.80 26.52%
2012 $48.35 3.32%
2013 $46.99 -2.82%
2014 $45.22 -3.76%
2015 $32.95 -27.14%
2016 $29.13 -11.58%
2017 $32.90 12.92%
2018 $37.40 13.70%
2019 $36.07 -3.57%
2020 $30.19 -16.29%
2021 $39.10 29.49%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for motor fuel, 2000-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2000 * 2000 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Motor fuel was 129.331 in the year 2000 and 252.827 in 2021:

252.827 / 129.331 * $20 = $39.10

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $39.10 in 2021 (in the CPI category of Motor fuel).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor fuel in 1935. In addition to motor fuel, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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