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 October 2014. 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 Boston, the price of gasoline averaged $3.285 per gallon in October 2014, down 14 cents from last October. Gasoline prices in Boston were near the national average of $3.241.
• Boston households paid electricity prices that were 22.8 percent higher than the national average in October 2014. Locally, the average price of a kilowatt hour of electricity was 16.7 cents, compared with 13.6 cents nationwide. The price of electricity in Boston has been above average in October by at least 12 percent for each of the last five years.
• In October 2014, Boston area consumers paid lower natural gas prices, down about 9 cents over the year; Boston area consumers experienced prices that were about the same as the U.S. average $1.033 per therm nationwide. Last October, Boston households faced higher prices for natural gas than those nationally (+8.2 per© Copyright 2014 Tanna K, All rights Reserved. Written For: Tinytown Unleashed