Energy Prices

Description of the Indicator
This indicator measures the trends for Pennsylvania’s average energy prices of natural gas, oil, propane, and electricity. This data is provided by UGI Utilities.

Why is it important?
Energy price trends are an important indicator of changing heating costs that can affect household budgets and businesses. Monitoring this measure can aid in understanding the fluctuating energy market.

How is the region performing?
Natural gas prices in Pennsylvania increased by 28.6 percent from 2022 to 2023, and electricity increased by 16.8 percent for the same period. Natural gas prices continue to be the lowest among the four types of fuel studied. Oil and propane prices have decreased by 2.6 and 2.3 percent, respectively, from 2022 to 2023. Electricity will be the most expensive energy price in 2023, increasing by 58.8 percent from 2021.