Massachusetts Electricity, Natural Gas Prices Far Above U.S. Average

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

By Colin A. Young
State House News Service

Boston area drivers paid a little less than the national average for gasoline in April, but that’s about it as the costs of other sources of energy — electricity and natural gas — remained well above the United States average, new federal data show.

Energy prices broadly in the Northeast were up 1.3 percent for the month of April and 1.2 percent over the year in April 2024, the U.S. Bureau of Labor Statistics said. Prices overall were up 0.4 percent in April, the Bureau of Labor Statistics said.

Gas prices averaged just more than $3.61 a gallon in the Boston area in April, up from last April’s average price of roughly $3.53 per gallon but 7.5 percent below the national average of about $3.91 a gallon. The average April per-gallon gas price has fluctuated wildly over the last 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 of electricity in April, down from 34.1 cents per kilowatt hour in April 2023. Despite the price being lower than a year ago, Boston area residents still paid an average price that was 71.7 percent higher than the nationwide average cost of 17.3 cents per kilowatt hour, the Bureau of Labor Statistics said. Boston area electricity prices have exceeded the national average by at least 71.2 percent each April over the last five years, the federal agency said.

The average cost of utility natural gas was $2.153 per therm in April, up from $1.996 per therm one year earlier. The Bureau of Labor Statistics said the local cost of natural gas was 56.6 percent higher than the national average of $1.375 per therm last month. Over the last five years, natural gas prices in April have ranged from $1.471 to $2.153 per therm.

 
 
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