Tuesday, August 16, 2016
Gasoline prices averaged $2.059 a gallon in the Atlanta area in July 2016, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that area gasoline prices were 63.0 cents lower than last July when they averaged $2.689 per gallon. Atlanta area households paid an average of 14.6 cents per kilowatt hour (kWh) of electricity in July 2016, less than the 14.9 cents per kWh paid in July 2015. The average cost of utility (piped) gas at $1.467 per therm was similar to the $1.444 per therm spent last year. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)
Atlanta area consumers paid $2.059 a gallon for gasoline in July 2016, 10.0 percent lower than the $2.287 paid nationally. A year earlier, consumers in the Atlanta area paid 7.1 percent less than the national average for a gallon of gasoline. The local price of gasoline has been at least 4 percent less than the national average in the month of July in four of the past five years. (See chart 1.)
The 14.6 cents per kWh Atlanta households paid for electricity in July was 5.0 percent more than the nationwide average of 13.9 cents per kWh. Last July, electricity costs in Atlanta were 4.9 percent more than those paid for the nation. In three of the past five years, prices paid by Atlanta area consumers for electricity were higher than the U.S. average by at least 4 percent. (See chart 2.)
Prices paid by Atlanta area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.467 per therm, or 57.6 percent higher than the national average in July 2016 ($0.931 per therm). A year earlier, area consumers paid 54.8 percent more per therm for natural gas compared to the nation. In each of the past five years, the per therm cost for natural gas in July for Atlanta households was at least 43 percent more than the U.S. average. (See chart 3.)
The Atlanta, Ga., Metropolitan Statistical Area consists of Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding, and Walton Counties in Georgia.
The Consumer Price Index for August 2016 is scheduled to be released on Friday, September 16, 2016.
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 from 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|
|Atlanta area||United States||Atlanta area||United States||Atlanta area||United States|
Last Modified Date: Tuesday, August 16, 2016