Thursday, December 15, 2016
Gasoline prices averaged $2.208 a gallon in the Atlanta area in November 2016, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that area gasoline prices were 12.5 cents higher than last November when they averaged $2.083 per gallon. Atlanta area households paid an average of 10.8 cents per kilowatt hour (kWh) of electricity in November 2016, down from 11.1 cents per kWh in November 2015. The average cost of utility (piped) gas at $1.479 per therm was more than the $1.396 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 $2.208 a gallon for gasoline in November 2016, similar to the $2.246 paid nationally. A year earlier, consumers in the Atlanta area paid 7.4 percent less than the national average for a gallon of gasoline. The local price of gasoline has been four percent lower than the national average in the month of November in three of the past five years. (See chart 1.)
The 10.8 cents per kWh Atlanta households paid for electricity in November was 17.6 percent lower than the nationwide average of 13.1 cents per kWh. Last November, electricity costs in Atlanta were 17.2 percent less than those paid for the nation. In each of the past five years, prices paid by Atlanta area consumers for electricity were lower than the U.S. average by at least 15.0 percent. (See chart 2.)
Prices paid by Atlanta area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.479 per therm, or 52.5 percent higher than the national average in November 2016 ($0.970 per therm). A year earlier, area consumers paid 54.6 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 November for Atlanta households was at least 44 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 December 2016 is scheduled to be released on Wednesday, January 18, 2017.
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: Thursday, December 15, 2016