Wednesday, November 15, 2017
Boston area households paid an average of $2.602 a gallon for gasoline in October 2017, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Deborah A. Brown noted that area gasoline prices were up 40.4 cents, compared to last October’s when they averaged $2.198 per gallon. Utility (piped) gas prices averaged $1.075 per therm in the Boston area in October 2017. Area natural gas prices decreased 8 cents from one year ago when they averaged $1.155 per therm. The average cost of electricity at 20.4 cents per kilowatt hour (kWh) in October was up 1.4 cents, compared to the 19 cents spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
Boston area consumers paid $2.602 a gallon for gasoline which was similar to the national average of $2.545 in October 2017. One year ago, consumers in the Boston area paid 4.6 percent less than the national average for a gallon of gasoline. (See chart 1.)
The 20.4 cents per kWh Boston households paid for electricity in October 2017 was 48.9 percent more than the nationwide average of 13.7 cents per kWh. Last October, electricity costs were 41.8 percent higher in Boston compared to the nation. In each of the last five years, the price of electricity in Boston has exceeded that for the nation in the month of October, by 17.4 percent or more. (See chart 2.)
Prices paid by Boston area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.075 per therm, 5.4 percent higher than the national average in October 2017 ($1.020 per therm). In October of 2016 local prices were 20.2 percent higher than those of the nation ($0.961) (See chart 3.)
The Boston-Brockton-Nashua, Mass.-N.H.-Maine-Conn. consolidated area consists of Essex, Middlesex, Norfolk, Plymouth, Suffolk, Bristol, Hampden, and Worcester Counties in Massachusetts; Hillsborough, Merrimack, Rockingham, and Strafford Counties in New Hampshire; York County in Maine; and Windham County in Connecticut.
In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area will be renamed. The first indexes using the new structure will be published in February 2018. 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: 1-800-877-8339.
|Gasoline, all types,|
per kilowatt hour
|Utility (piped) gas|
Last Modified Date: Wednesday, November 15, 2017