Adjust Gasoline for Inflation
Use this Gas Inflation Calculator to find historical gas prices on a certain date (from 1976 - 2014) and to adjust gasoline for inflation in April 2014 dollars.
This tool uses the latest US inflation data from the U.S. government, published on May 15, 2014. Read how it works.
Today in Energy – eia
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U.S. hydropower generation expected to increase by 6% in 2024 following last year's lowsApril 18, 2024
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U.S. natural gas trade will continue to grow with the startup of new LNG export projectsApril 17, 2024
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China imported record amounts of crude oil in 2023April 16, 2024
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The United States exported a record volume of natural gas in 2023April 15, 2024
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INFLATION NEWS
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Fed survey cites inflation, US election as key financial stability risks - Reuters.comApril 19, 2024
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Inflation, Interest Rates and Oil Prices Have Jolted the Markets - The New York TimesApril 19, 2024
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Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says - ReutersApril 19, 2024
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Chicago Fed Pres. Goolsbee: Progress on US inflation has installed - ForexLiveApril 19, 2024
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Biden hails the U.S. as the 'strongest economy in the world' but its hot inflation is angering allies as their currencies flop - FortuneApril 19, 2024
GasBuddy
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Gas Inflation and Gas Prices
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Florida gas prices rose from last week: See how much here - Destin LogApril 20, 2024
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Why Joe Biden's real enemy is the price of oil - The TelegraphApril 20, 2024
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Natural Gas Is Cheap. Why Electricity Isn't. - Barron'sApril 19, 2024
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Nat-Gas Prices Erase Early Gains on Warmer US Weather Forecasts - NasdaqApril 19, 2024
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US Gas Producers Irked by Price Hike on Federal Leasing - Energy IntelligenceApril 19, 2024
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Oil Prices Rise—And Fall—After Israel's Reported Strikes - ForbesApril 19, 2024
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Massachusetts gas prices rose from last week: See how much here - Cape Cod TimesApril 19, 2024
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Gasoline and Diesel Fuel Update – eia
Graph of U.S. Gasoline and Crude Oil Prices
Gas and Oil News
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How the Gas Inflation Calculator Works
The Gas Inflation Calculator relies on two major U.S. government providers of gasoline and inflation data to list historical averages for gas prices and to adjust gas prices for inflation. These data providers are the eia, the U.S. Energy Information Administration, and the Bureau of Labor Statistics (BLS).
The eia offers a monthly breakdown of various data categories that include the national average for the price of regular gasoline. The data range is from January 1976 to the current previous month. BLS data includes monthly and annual readings of the Consumer Price Index, or CPI, which is the U.S. government's key reading for inflation. To get this, each month the BLS collects consumer prices from around the nation. The BLS monitors over 200 specific categories of goods and services. In calculating the CPI, it compares the most recent pricing data for a month to the previous month.
In essence, the formula powering the Gas Inflation Calculator starts with a selected month's gas price as published by the eia. It then pulls the BLS provided CPI for that month as well the most current monthly CPI to calculate the increase or decrease in inflation. From that result, the inflation change is applied to the original gas price and the inflation-adjusted gasoline price is the result.