Selected key characteristics of Average Energy Prices in the Philadelphia Area for May 2009
A kilowatt-hour (kWh) of electricity cost Philadelphia area consumers $0.159 in May 2009—4.6 percent higher than one year earlier, and 43.2 percent more than in 2000 when the local price was at its lowest May level over the last 10 years.
A therm—a measure of constant heating value—of utility (piped) gas, commonly referred to as natural gas, in the Philadelphia area averaged $1.483 in May 2009, a decrease of 2.9 percent from the previous May.
Over the last decade, the price per gallon in the U.S. and the Philadelphia area has generally trended upward; however, since last May, gasoline prices dropped 39.3 percent in the U.S. and 39.5 percent in Philadelphia. (Please see attached PDF file for a full version of the release.)
Average prices are estimated from Consumer Price Index (CPI) data for utility (piped) gas, electricity, and gasoline to support the research and analytic needs of CPI data users.