New England Information Office

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14-453-BOS

Tuesday, March 18, 2014

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Average Energy Prices in Boston-Brockton-Nashua –
February 2014

Boston area households paid an average of $3.445 a gallon for gasoline in February 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Deborah A. Brown noted that this was 30 cents less than the $3.745 a gallon in February 2013. Utility (piped) gas prices averaged $1.357 per therm in the Boston-Brockton-Nashua area in February 2014. Area natural gas prices were greater than last February when they averaged $1.283 per therm. The average cost of electricity at 17.3 cents per kilowatt hour (kWh) in February was up from 14.8 cents per kWh spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)


At $3.445 a gallon, the price of gasoline in the Boston area was similar to the national average of $3.422 in February 2014. A year earlier, gasoline prices in the Boston area were almost the same as in the United States. The local price of gasoline has been close to the national average in the month of February in each of the last five years. (See chart 1.)



Average prices for gasoline, United States and Boston area, February 2010 - February 2014

The 17.3 cents per kWh Boston households paid for electricity in February 2014 was 29.1 percent more than the nationwide average of 13.4 cents per kWh. In each of the last five years, the price of electricity in Boston has always exceeded that for the nation in the month of February, by 15 percent or more. (See chart 2.)


Average prices for electricity, United States and Boston area, February 2010 - February 2014

Prices paid by Boston area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.357 per therm, 25.9 percent more than the national average in February 2014 ($1.078 per therm). Since February of 2010 the difference between local prices and those of the nation have been 25 percent or more. (See chart 3.)


Average prices for utility (piped) gas, United States and Boston area, February 2010 - February 2014

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; TDD message referral phone number: 1-800-877-8339.

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, United States and the Boston-Brockton-Nashua area, February 2013 - February 2014, 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
2013

February

3.745 3.748 0.148 0.129 1.283 0.997

March

3.730 3.792 0.147 0.128 1.284 0.994

April

3.569 3.647 0.152 0.128 1.284 1.020

May

3.517 3.682 0.153 0.131 1.123 1.036

June

3.558 3.693 0.155 0.137 1.123 1.038

July

3.658 3.687 0.157 0.137 1.106 1.025

August

3.704 3.658 0.157 0.137 1.107 1.003

September

3.647 3.616 0.157 0.137 1.081 1.000

October

3.425 3.434 0.155 0.132 1.081 0.999

November

3.362 3.310 0.167 0.130 1.318 0.999

December

3.469 3.333 0.167 0.131 1.319 0.998
2014

January

3.465 3.378 0.173 0.134 1.319 1.040

February

3.445 3.422 0.173 0.134 1.357 1.078

Last Modified Date: March 18, 2014

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