Motor fuel price history from 2000 through 2020

Motor Fuel Inflation Calculator

Prices for Motor Fuel, 2000-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor fuel were 55.87% higher in 2020 versus 2000 (a $11.17 difference in value).

Between 2000 and 2020: Motor fuel experienced an average inflation rate of 2.24% per year. This rate of change indicates significant inflation. In other words, motor fuel costing $20 in the year 2000 would cost $31.17 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.03% during this same period, inflation for motor fuel was higher.

In the year 2000: Pricing changed by 28.39%, which is significantly above the average yearly change for motor fuel during the 2000-2020 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 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (38.98%), 1974 (35.30%), and 1979 (35.12%).

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

Year	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	26.400	26.775	27.650	27.883	28.067	28.417	31.183	42.192	45.075	46.983	49.725	51.875	70.092	97.417	108.475	102.800	99.333	97.867	98.642	77.233	80.183	80.842	88.442	101.083	99.458	99.033	98.108	98.492	99.942	106.250	106.292	92.175	100.708	129.300	124.500	116.550	136.133	160.508	195.775	220.592	239.136	278.659	202.583	239.679	302.243	312.475	303.653	291.834	212.513	188.276	213.047	241.720	233.095	201.546

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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	28.39%
2001	$19.26	-3.71%
2002	$18.03	-6.39%
2003	$21.06	16.80%
2004	$24.83	17.91%
2005	$30.28	21.97%
2006	$34.12	12.68%
2007	$36.99	8.41%
2008	$43.10	16.53%
2009	$31.34	-27.30%
2010	$37.07	18.31%
2011	$46.75	26.10%
2012	$48.33	3.39%
2013	$46.97	-2.82%
2014	$45.14	-3.89%
2015	$32.87	-27.18%
2016	$29.12	-11.40%
2017	$32.95	13.16%
2018	$37.39	13.46%
2019	$36.05	-3.57%
2020	$31.17	-13.53%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for motor fuel, 2000-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2000 * 2000 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Motor fuel was 129.300 in the year 2000 and 201.546 in 2020:

201.546 / 129.300 * $20 = $31.17

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $31.17 in 2020 (in the CPI category of Motor fuel).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor fuel in 1967. 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.