According to the U.S. Bureau of Labor Statistics, prices for motor oil, coolant, and fluids are 270.05% higher in 2024 versus 1996 (a $54.01 difference in value).
Between 1996 and 2024: Motor oil, coolant, and fluids experienced an average inflation rate of 4.78% per year. This rate of change indicates significant inflation. In other words, motor oil, coolant, and fluids costing $20 in the year 1996 would cost $74.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for motor oil, coolant, and fluids was higher.
In the year 1996: Pricing changed by 2.70%, which is below the average yearly change for motor oil, coolant, and fluids during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), inflation for motor oil, coolant, and fluids was lower.
Below are calculations of equivalent buying power for Motor oil, coolant, and fluids, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1996 | $20.00 | 2.70% |
| 1997 | $19.97 | -0.15% |
| 1998 | $19.88 | -0.46% |
| 1999 | $19.88 | -0.01% |
| 2000 | $20.93 | 5.27% |
| 2001 | $22.32 | 6.68% |
| 2002 | $23.23 | 4.07% |
| 2003 | $23.83 | 2.57% |
| 2004 | $25.07 | 5.22% |
| 2005 | $27.72 | 10.54% |
| 2006 | $32.25 | 16.38% |
| 2007 | $35.05 | 8.67% |
| 2008 | $40.81 | 16.41% |
| 2009 | $44.63 | 9.37% |
| 2010 | $46.31 | 3.77% |
| 2011 | $50.74 | 9.56% |
| 2012 | $54.53 | 7.48% |
| 2013 | $54.73 | 0.36% |
| 2014 | $55.66 | 1.70% |
| 2015 | $55.96 | 0.55% |
| 2016 | $55.67 | -0.52% |
| 2017 | $56.79 | 2.01% |
| 2018 | $59.13 | 4.12% |
| 2019 | $59.90 | 1.30% |
| 2020 | $59.80 | -0.16% |
| 2021 | $61.56 | 2.95% |
| 2022 | $71.66 | 16.41% |
| 2023 | $74.95 | 4.59% |
| 2024 | $74.01 | -1.26%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor oil, coolant, and fluids:
| Year | 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 | 2022 | 2023 | 2024 |
| CPI | 65.300 | 67.054 | 72.769 | 86.531 | 94.531 | 98.746 | 100.800 | 100.485 | 102.254 | 101.962 | 100.300 | 104.254 | 110.238 | 111.385 | 119.415 | 118.185 | 118.054 | 121.408 | 128.423 | 131.885 | 131.692 | 131.092 | 131.077 | 137.985 | 147.208 | 153.192 | 157.123 | 165.331 | 182.762 | 212.692 | 231.138 | 269.078 | 294.293 | 305.384 | 334.564 | 359.596 | 360.885 | 367.002 | 369.021 | 367.099 | 374.485 | 389.905 | 394.964 | 394.338 | 405.966 | 472.567 | 494.249 | 488.041 |