Friday, July 21, 2017
Gasoline prices averaged $2.227 a gallon in the Cleveland-Akron-Lorain area in June 2017, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that area gasoline prices were down 30.5 cents compared to June 2016 when they averaged $2.532 per gallon. Cleveland area households paid an average of 14.1 cents per kilowatt-hour (kWh) of electricity in June 2017, 8.5 percent higher than the 13.0 cents per kWh paid in June 2016. Utility (piped) gas averaged 85.8 cents per therm in June, up from its average price of 51.6 cents per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $2.227 a gallon, costs for gasoline in the Cleveland area were 17.3 cents lower than the national average of $2.400 in June 2017. In the previous four years (2013-2016) in June, gasoline prices in the Cleveland area were below the national average in 2015 (-6.8 cents) and 11.0 cents to 16.7 cents more in the other three years. (See chart 1.)
The 14.1 cents per kWh Cleveland households paid for electricity in June 2017 was comparable to the nationwide average of 14.2 cents during this same period. In June 2013 and 2014, Cleveland electricity costs were similar to the national average. In June 2015 and 2016, costs for electricity in the Cleveland area were 5.6 percent more and 5.8 percent less, respectively. (See chart 2.)
Prices paid by Cleveland area consumers for utility (piped) gas, commonly referred to as natural gas, at 85.8 cents per therm, were 17.5 percent below the national average of $1.040 per therm in June 2017. Utility (piped) gas prices in the Cleveland area were also lower than the national average in the prior four years (2013-2016) in June, ranging from 20.9 percent lower in 2013 to 42.1 percent in 2016. (See chart 3.)
The Cleveland-Akron-Lorain, Ohio, Consolidated Metropolitan Statistical Area consists of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit Counties in Ohio.
Historical average energy prices for the U.S. and select metropolitan areas are available at www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm.
The Consumer Price Index for July 2017 is scheduled to be released on Friday, August 11, 2017.
In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the the new sample, average energy prices for this area will be discontinued. Additional information on the geographic revision is available at: www.bls.gov/cpi/additional-resources/geographic-revision-2018.htm.
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.
|Year and month||Gasoline per gallon||Electricity per kWh||Utility (piped) gas per therm|
|Cleveland area||United States||Cleveland area||United States||Cleveland area||United States|
Last Modified Date: Friday, July 21, 2017