The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
For Release: Friday, June 11, 2021
NEW YORK–NEW JERSEY INFORMATION OFFICE: New York City, N.Y.
(646) 264-3600 BLSinfoNY@bls.gov www.bls.gov/regions/new-york-new-jersey
Average Energy Prices, New York-Newark-Jersey City–May 2021
Gasoline prices averaged $3.038 per gallon in the New York-Newark-Jersey City area in May 2021, the U.S.
Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that gasoline prices
were up 87.7 cents from last May, when area households paid $2.151 per gallon. Electricity prices averaged
21.4 cents per kilowatt hour (kWh), up from the 19.9 cents per kWh paid in May 2020. The average price of
utility (piped) gas, at $1.250 per therm, was greater than last May’s price of $1.210. (Data in this release are
not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $3.038 a gallon, the price of gasoline in the New York area was close to the $3.041 national average in May
2021. One year earlier, consumers in the New York area paid 10.5% more than the national average for a
gallon of gasoline. The local price of a gallon of gasoline in May has been close to the national average four of
the past five years. (See chart 1.)
The 21.4 cents per kWh New York area households paid for electricity in May 2021 was 52.9 percent more
than the national average of 14.0 cents per kWh. Last May, electricity prices were 48.5 percent higher in the
New York area compared to the nation. Over the past five years, electricity prices for local area consumers in
May were 43 to 54 percent more than the national average. (See chart 2.)
The average price paid in May 2021 by New York area consumers for utility (piped) gas, commonly referred
to as natural gas, was $1.250 per therm, 4.1 percent more than the national average of $1.201. In May 2020,
area consumers paid 16.7 percent more than the national average. The per-therm cost for natural gas in the
New York area in May exceeded