Friday, August 11, 2017
Gasoline prices averaged $2.424 a gallon in the Philadelphia-Wilmington-Atlantic City area in July 2017, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s Regional Commissioner, noted that area gasoline prices were up 9.8 percent from last July when they averaged $2.207 per gallon. Philadelphia area households paid an average of 15.3 cents per kilowatt hour (kWh) of electricity in July 2017, close to the 15.8 cents paid in July 2016. The average cost of utility (piped) gas at $1.064 per therm in July was 7.2 percent higher than its price of $0.993 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $2.424 a gallon, the price for gasoline in the Philadelphia area was close to the national average of $2.344 a gallon in July 2017. Gasoline prices paid by Philadelphia-area consumers differed from the national average by 7.7 percent in July for the previous four years. (See chart 1 and table 1.)chart 2.) chart 3.)
The Consumer Price Index for August 2017 is scheduled to be released on Thursday, September 14, 2017, at 8:30 a.m. (ET).
Average prices are estimated from Consumer Price Index (CPI) data for selected commodity series to support the research and analytic needs of CPI data users. Average prices for electricity, utility (piped) gas, and gasoline are published monthly for the U.S. city average, the 4 regions, the 3 population size classes, 10 region/size-class cross-classifications, and the 14 largest local index areas. For electricity, average prices per kilowatt-hour (kWh) are published. For utility (piped) gas, average prices per therm are published. For gasoline, the average price per gallon is published. Average prices for commonly available grades of gasoline are published as well as the average price across all grades.
All eligible prices are converted to a price per normalized quantity. These prices are then used to estimate a price for a defined fixed quantity. The average price per kilowatt-hour represents the total bill divided by the kilowatt-hour usage. The total bill is the sum of all items applicable to all consumers appearing on an electricity bill including, but not limited to, variable rates per kWh, fixed costs, taxes, surcharges, and credits. This calculation also applies to the average price per therm for utility (piped) gas.
Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.
The Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md. Consolidated Metropolitan Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.
|Year and Month||Gasoline per gallon||Electricity per kWh||Utility (piped) gas per therm|
|Philadelphia||United States||Philadelphia||United States||Philadelphia||United States|
Last Modified Date: Friday, August 11, 2017