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15-497-BOS
Tuesday, March 24, 2015

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Average Energy Prices In Boston-Brockton-Nashua – February 2015

Boston area households paid an average of $2.255 a gallon for gasoline in February 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Deborah A. Brown noted that this was $1.19 below the February 2014 price of $3.445 per gallon. In contrast to gasoline prices, the average cost of electricity at 22.5 cents per kilowatt hour (kWh) in February was up from 17.3 cents per kWh spent last year. Utility (piped) gas prices averaged $1.303 per therm in the Boston area in February 2015. Area natural gas prices were down from one year ago when they averaged $1.357 per therm. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $2.255 the price of a gallon of gasoline in the Boston area was close to the national average of $2.308 in February 2015. One year ago, the local price of gasoline at $3.445 per gallon was similar to the national average of $3.422. From 2011 to 2015 in February area residents have paid close to the national average for a gallon of gasoline. (See chart 1.) 

 Chart 1. Average prices for gasoline, Boston-Brockton-Nashua and the United States, 2011-2015 (as of February)

 

The 22.5 cents per kWh Boston households paid for electricity in February 2015 was 63 percent more than the nationwide average of 13.8 cents per kWh. Last February, electricity costs were 29.1 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 February, by 15 percent or more. (See chart 2.)

 Chart 2. Average prices for electricity, Boston-Brockton-Nashua and the United States, 2011-2015 (as of February)

 

Prices paid by Boston area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.303 per therm, 29.4 percent above the national average in February 2015 ($1.007 per therm). In February of 2014 local prices were 25.9 percent greater than those of the nation. Households in the Boston area have paid 25 percent or more than the national average for natural gas in the month of February in each of the last five years. (See chart 3.)

 Chart 3. Average prices for utility (piped) gas, Boston-Brockton-Nashua and the United States, 2011-2015 (as of February)

 

The Boston-Brockton-Nashua, Mass.-N.H.-Maine-Conn. consolidated area consists of Essex, Middlesex, Norfolk, Plymouth and Suffolk Counties and parts of Bristol, Hampden, and Worcester Counties in Massachusetts; parts of Hillsborough, Merrimack, Rockingham, and Strafford Counties in New Hampshire; part of York County in Maine; and part of Windham County in Connecticut.


Technical Note

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.

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, Boston-Brockton-Nashua and the United States, February 2014 - February 2015, not seasonally adjusted
Year and
month
Gasoline, all types,
per gallon
Electricity
per kilowatt hour
Utility (piped) gas
per therm
Boston
area
United
States
Boston
area
United
States
Boston
area
United
States

2014

           

February

3.445 3.422 0.173 0.134 1.357 1.078

March

3.567 3.590 0.173 0.135 1.532 1.154

April

3.597 3.717 0.175 0.131 1.532 1.137

May

3.701 3.745 0.167 0.136 1.108 1.111

June

3.699 3.750 0.169 0.143 1.108 1.088

July

3.699 3.690 0.169 0.143 1.107 1.093

August

3.547 3.540 0.169 0.143 1.084 1.060

September

3.476 3.463 0.169 0.141 1.024 1.058

October

3.285 3.241 0.167 0.136 0.994 1.033

November

3.011 2.945 0.203 0.134 1.432 1.035

December

2.785 2.618 0.203 0.135 1.432 1.060

2015

           

January

2.297 2.170 0.225 0.138 1.384 1.036

February

2.255 2.308 0.225 0.138 1.303 1.007

 

Last Modified Date: Tuesday, March 24, 2015