According to the U.S. Bureau of Labor Statistics, prices for other motor fuels were 13.55% lower in 2020 versus 2018 (a $2.71 difference in value).
Between 2018 and 2020: Other motor fuels experienced an average inflation rate of -7.02% per year. This rate of change indicates significant deflation. In other words, other motor fuels costing $20 in the year 2018 would cost $17.29 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for other motor fuels was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other motor fuels:
Below are calculations of equivalent buying power for Other motor fuels, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|