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Electricity and natural gas prices in Massachusetts are well above the US average – NewBostonPost

Printed from: https://newbostonpost.com/2024/05/21/massachusetts-electricity-natural-gas-prices-far-above-us-average/

By Colin A. Young
State House News Service

Boston-area drivers paid slightly less than the national average for gasoline in April, but that was it, as costs for other energy sources — electricity and natural gas — remained well above the U.S. average, new federal data show.

Energy prices in the Northeast broadly rose 1.3 percent in April 2024 and 1.2 percent for the year, the U.S. Bureau of Labor Statistics said. Overall, prices rose 0.4 percent in April, the Bureau of Labor Statistics said.

Gasoline prices averaged just over $3.61 a gallon in the Boston area in April, up from but 7.5 percent lower than last April's average price of about $3.53 a gallon the national average of about $3.91 per gallon. The average price of gasoline per gallon in April has fluctuated widely over the past five years, ranging from $2.15 to $4.23, the Bureau of Labor Statistics said.

Boston-area households paid an average of 29.7 cents per kilowatt-hour for electricity in April, compared with 34.1 cents per kilowatt-hour in April 2023. Although the price was lower than a year ago, Boston-area residents still paid an average price 71.7 percent higher than the national average cost of 17.3 cents per kilowatt-hour, the Bureau of Labor Statistics said. Electricity prices in the Boston area exceeded the national average by at least 71.2 percent in April each of the past five years, the federal agency said.

The average cost of utility natural gas was $2,153 per boiler in April, up from $1,996 per boiler a year earlier. The Bureau of Labor Statistics said the local cost of natural gas last month was 56.6 percent higher than the national average of $1.375 per therm. Over the past five years, April natural gas prices have ranged from $1,471 to $2,153 per therm.

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