According to the U.S. Bureau of Labor Statistics, prices for motor fuel were 7.71% lower in 2020 versus 2015 (a $1.54 difference in value).
Between 2015 and 2020: Motor fuel experienced an average inflation rate of -1.59% per year. In other words, motor fuel costing $20 in the year 2015 would cost $18.46 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.71% during this same period, inflation for motor fuel was significantly lower.
In the year 2015: Pricing changed by -27.18%, which is significantly below the average yearly change for motor fuel during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for motor fuel was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor fuel:
Below are calculations of equivalent buying power for Motor fuel, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|