Energy Prices: Gasoline, Electricity and Fuel Oil (2015-Present)

Energy prices declined 5.0% in August after falling 4.6% in July, but they were 23.8% higher over the past year, according to data published Sept. 13, 2022, by the U.S. Labor Department’s Bureau of Labor Statics (BLS).

Chart: Annual Change in Energy Prices

The following chart shows the average change in energy prices (inflation) by calendar year since 2000. Because year 2022 is unfinished, it displays the change in energy prices from July 2021 to August 2022.

The BLS surveys energy prices in cities around the nation, including gasoline prices, electricity prices, fuel oil prices, and utility (piped) gas prices. These prices are averaged and published monthly as a part of the bureau’s overall "energy" index.

Chart: Energy Prices by Month and Year

The following chart plots some of those energy prices and how they have changed from January 2015 to August 2022. Simply hover over the chart to view the data. You can also select an energy’s legend key which is found at the right of the chart. (Just click or tap on it.) That will visually highlight the selected energy line in the chart to easily locate and track its pricing over the years.

Table of Inflation Rates for Energy (Percent Change in Energy Prices 1958-2022)

The following table display "energy" inflation on an annual basis by month and calendar year. In clearer terms, it shows the percent increase or decrease in energy prices over the listed periods. As the figures are 12-month based, look to the December column to find the overall change in food prices by calendar year. The last column, "Ave," shows the inflation rate for groceries by year.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
1958 1.9 -0.5 -0.5 -0.9 0.0 0.0 0.5 1.9 0.9 1.4 -0.5 -0.9 0.0
1959 -0.9 1.4 1.4 2.3 1.4 1.4 0.5 0.5 1.4 2.8 3.7 4.7 1.9
1960 4.2 2.8 2.3 2.3 1.8 2.8 3.2 3.2 2.7 0.9 1.8 1.3 2.3
1961 1.8 1.8 1.8 -0.4 0.5 0.0 0.0 -0.4 0.0 0.0 -0.4 -1.3 0.4
1962 -1.3 -0.4 -0.9 2.3 1.4 0.4 -0.9 -0.4 0.9 1.3 0.4 2.2 0.4
1963 1.8 0.4 0.9 -0.9 0.0 0.0 1.8 0.9 -0.9 -0.4 -0.4 -0.9 0.0
1964 0.0 -2.2 -0.4 0.0 -0.4 0.4 -0.4 0.0 -0.4 -0.9 -0.4 0.0 -0.4
1965 -0.4 2.3 0.4 1.8 2.7 2.2 2.2 1.8 2.7 2.2 2.7 1.8 1.8
1966 1.3 2.2 2.2 0.9 0.9 1.3 1.7 1.3 1.3 1.7 1.7 1.7 1.7
1967 2.2 2.2 2.2 3.5 3.0 2.1 1.7 2.6 2.6 2.1 2.1 1.7 2.1
1968 1.7 1.7 1.7 0.4 0.8 1.7 1.7 1.7 1.3 1.7 1.7 1.7 1.7
1969 1.7 1.2 2.5 3.8 2.9 3.3 2.9 2.5 2.5 2.9 2.0 2.9 2.5
1970 2.9 2.9 1.2 2.4 2.8 1.2 2.4 2.0 2.8 3.6 4.0 4.8 2.8
1971 4.8 4.8 5.2 2.4 2.7 4.0 3.1 5.5 5.1 3.9 3.1 3.1 3.9
1972 2.7 2.3 2.7 3.1 3.4 2.7 3.0 1.9 2.6 2.6 3.7 2.6 2.6
1973 3.7 5.2 5.2 6.7 6.6 8.5 8.1 7.7 6.5 9.1 12.6 17.0 8.1
1974 22.1 25.4 30.3 31.4 32.9 32.1 33.4 33.3 33.7 29.6 25.3 21.6 29.6
1975 16.4 13.2 8.9 8.0 7.3 8.3 9.7 10.2 10.9 11.8 12.0 11.4 10.5
1976 10.6 9.5 8.7 7.6 7.5 7.4 5.8 5.6 5.3 5.7 5.9 7.1 7.1
1977 7.7 9.1 10.7 11.6 11.1 10.2 9.9 9.9 9.2 9.1 8.4 7.2 9.5
1978 6.5 5.8 5.4 5.1 5.5 6.0 6.2 6.4 7.0 7.4 7.0 7.9 6.3
1979 9.3 10.2 12.5 16.0 19.7 24.7 29.1 32.5 35.3 35.7 36.2 37.5 25.1
1980 41.5 46.6 47.1 43.5 39.3 33.5 29.1 25.1 21.7 19.6 19.0 18.0 30.9
1981 16.5 16.4 15.2 14.3 13.3 12.7 12.2 12.3 12.7 12.8 13.2 11.9 13.6
1982 9.0 2.9 -0.7 -3.5 -2.2 1.0 2.1 2.0 1.7 2.4 2.0 1.3 1.5
1983 -0.4 -1.5 -1.5 3.6 4.8 2.1 1.3 1.2 1.2 0.0 -0.6 -0.5 0.7
1984 0.5 3.3 4.5 2.8 1.1 0.3 -0.4 -0.6 -0.1 0.4 0.4 0.2 1.0
1985 -0.5 -2.1 -0.3 0.7 1.4 2.0 2.1 1.6 0.9 0.1 0.8 1.8 0.7
1986 2.4 -0.6 -8.5 -14.7 -14.9 -12.9 -16.2 -17.3 -16.7 -18.4 -19.6 -19.7 -13.2
1987 -17.1 -12.1 -5.6 0.2 -0.2 0.0 4.4 8.4 7.5 8.1 9.3 8.2 0.5
1988 4.2 1.6 0.8 1.0 1.5 0.3 0.3 -0.4 -0.4 0.1 -0.1 0.5 0.8
1989 1.8 2.6 3.8 8.7 9.8 8.8 7.8 5.1 4.4 5.2 4.8 5.1 5.6
1990 9.7 8.0 6.3 0.8 -0.7 0.5 0.4 6.8 13.5 17.8 19.0 18.1 8.3
1991 9.7 6.6 4.4 4.0 5.6 4.0 3.8 -0.7 -4.8 -8.6 -8.2 -7.4 0.4
1992 -6.5 -3.7 -0.8 0.0 0.3 2.3 3.2 2.4 2.2 2.7 2.7 2.0 0.5
1993 3.3 3.2 3.6 3.6 2.0 0.6 -0.2 -0.2 -0.7 0.9 -0.8 -1.4 1.2
1994 -2.0 -0.2 -0.6 -1.1 -1.4 -0.8 0.9 3.1 2.9 0.4 1.9 2.2 0.4
1995 2.9 1.7 1.3 1.9 3.3 3.4 1.2 -1.0 -1.8 -1.2 -2.7 -1.3 0.6
1996 0.8 1.2 2.8 5.9 6.2 3.5 4.1 3.9 5.2 5.7 8.1 8.6 4.7
1997 7.9 7.8 4.8 0.0 -2.7 -0.7 -1.0 0.8 2.0 0.9 -0.4 -3.4 1.3
1998 -6.5 -8.8 -8.6 -7.4 -5.6 -5.9 -5.6 -7.7 -9.8 -9.1 -9.2 -8.8 -7.7
1999 -7.4 -5.7 -3.1 3.0 1.7 1.0 3.3 7.2 10.2 10.2 10.6 13.4 3.6
2000 14.7 19.9 24.2 15.0 14.6 21.3 19.3 13.1 15.4 15.9 16.0 14.2 16.9
2001 17.8 13.1 6.0 10.3 15.8 8.4 2.1 2.8 1.5 -5.6 -10.1 -13.0 3.8
2002 -15.7 -15.9 -10.7 -8.2 -12.3 -11.1 -5.2 -2.8 -4.8 3.0 8.0 10.7 -5.9
2003 14.1 22.0 23.4 13.0 9.0 9.3 9.0 11.8 14.7 8.8 6.2 6.9 12.2
2004 7.8 3.8 0.4 5.6 15.0 17.0 14.3 10.5 6.7 15.2 19.2 16.6 10.9
2005 10.6 10.4 12.4 17.1 9.9 7.3 14.2 20.2 34.8 29.5 18.3 17.1 17.0
2006 24.8 20.1 17.3 17.8 23.6 23.3 20.5 15.1 -4.3 -11.3 -3.8 2.9 11.2
2007 -3.1 -1.0 4.4 2.9 4.7 4.6 1.0 -2.5 5.3 14.5 21.4 17.4 5.5
2008 19.6 18.9 17.0 15.9 17.4 24.7 29.3 27.2 23.1 11.5 -13.3 -21.3 13.9
2009 -20.4 -18.5 -23.0 -25.2 -27.3 -25.5 -28.1 -23.0 -21.6 -14.0 7.4 18.2 -18.4
2010 19.1 14.4 18.3 18.5 14.7 3.0 5.2 3.8 3.8 5.9 3.9 7.7 9.5
2011 7.3 11.0 15.5 19.0 21.5 20.1 19.0 18.4 19.3 14.2 12.4 6.6 15.4
2012 6.1 7.0 4.6 0.9 -3.9 -3.9 -5.0 -0.6 2.3 4.0 0.3 0.5 0.9
2013 -1.0 2.3 -1.6 -4.3 -1.0 3.2 4.7 -0.1 -3.1 -4.8 -2.4 0.5 -0.7
2014 2.1 -2.5 0.4 3.3 3.3 3.2 2.6 0.4 -0.6 -1.6 -4.8 -10.6 -0.3
2015 -19.6 -18.8 -18.3 -19.4 -16.3 -15.0 -14.8 -15.0 -18.4 -17.1 -14.7 -12.6 -16.7
2016 -6.5 -12.5 -12.6 -8.9 -10.1 -9.4 -10.9 -9.2 -2.9 0.1 1.1 5.4 -6.6
2017 10.8 15.2 10.9 9.3 5.4 2.3 3.4 6.4 10.1 6.4 9.4 6.9 7.9
2018 5.5 7.7 7.0 7.9 11.7 12.0 12.1 10.2 4.8 8.9 3.1 -0.3 7.5
2019 -4.8 -5.0 -0.4 1.7 -0.5 -3.4 -2.0 -4.4 -4.8 -4.2 -0.6 3.4 -2.1
2020 6.2 2.8 -5.7 -17.7 -18.9 -12.6 -11.2 -9.0 -7.7 -9.2 -9.4 -7.0 -8.5
2021 -3.6 2.4 13.2 25.1 28.5 24.5 23.8 25.0 24.8 30.0 33.3 29.3 21.0
2022 27.0 25.6 32.0 30.3 34.6 41.6 32.9 23.8 Avail.
Oct.
13

Data Source: U.S. Bureau of Labor Statistics: Energy in U.S. city average, all urban consumers, not seasonally adjusted. Base Period: 1982-84=100.