According to the U.S. Bureau of Labor Statistics, prices for motor fuel were 4.17% higher in 2020 versus 2016 (a $0.83 difference in value).
Between 2016 and 2020: Motor fuel experienced an average inflation rate of 1.03% per year. In other words, motor fuel costing $20 in the year 2016 would cost $20.83 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for motor fuel was lower.
In the year 2016: Pricing changed by -11.40%, which is significantly below the average yearly change for motor fuel during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|