Fuel oil #2 · per gallon · 1980 Verified
$1.02in June 1980 — about $4.12 in today's money.
- Price in 1980$1.02
- Same money today$4.12
- Actual price now · June 2026$4.71
- Change since 1980+362%
Priced in working time
- Work to buy in 1980 · the federal minimum wage was $3.10/hour20 min
- Work to buy today · at $7.25/hour (2026)39 min
Observed price divided by the observed wage for the same year — nothing here is back-cast. See the minimum wage record →
Price history
Record & method
This is an observed price. The U.S. Bureau of Labor Statistics recorded it in June 1980; we have not adjusted the figure.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- APU000072511
- Observed
- June 1980
- Coverage
- November 1978 – June 2026
- Adjusted by
- CPIAUCNS · 82.7 → 333.952 (June 2026)
- License
- Public domain