The New England Information Office of the U.S. Bureau of Labor Statistics (BLS) has released price data for select energy commodities and services from the Boston Consumer Price Index (CPI) for August 2013. The CPI program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services. Some highlights from the attached press release are listed below.
- In August 2013, Boston area consumers faced higher natural gas prices, up 24 cents over the year; Boston area consumers also experienced prices that were 10.4 percent higher than the U.S. average, paying $1.107 per therm compared with $1.003 per therm nationwide. This marked the first time that the per therm cost for natural gas for Boston area consumers in August had been above the U.S. average in the last five years
- Boston households paid electricity prices that were 14.6 percent more than the national average in August. Locally, the average price per kilowatt hour of electricity was 15.7 cents, compared with 13.7 cents nationwide. The price of electricity in Boston has been above average in August for each of the last five years
- In Boston, the price of gasoline averaged $3.704 per gallon in August, similar to the $3.734 per gallon recorded last year. Gasoline prices in Boston were similar to the national average of $3.658.