EM SC 240N
Energy and Sustainability in Contemporary Culture

Text Version of Figure 3.12

PrintPrint
Residential Electricity Prices (cents per kilowatt hour)
Year Nominal Price of Electricity Real Price of Retail Electricity
1968 2.30¢ 15.90¢
1971 2.30¢ 13.66¢
1974 3.20¢ 15.12¢
1977 4.09¢ 16.22¢
1980 5.36¢ 15.64¢
1983 7.19¢ 17.36¢
1986 7.41¢ 16.24¢
1989 7.64¢ 14.83¢
1992 8.23¢ 14.11¢
1995 8.40¢ 13.26¢
1998 8.26¢ 12.19¢
2001 8.58¢ 11.66¢
2004 8.95¢ 11.39¢
2007 10.65¢ 12.35¢
2010 11.54¢ 12.72¢
2013 12.13¢ 12.52¢
2016 12.60¢ 12.64¢
Residential Natural Gas Prices (dollars per thousand cubic feet)
Year Nominal Price of Natural Gas Real Price of natural gas
1968 $1.04 $7.19
1971 $1.15 $6.83
1974 $1.43 $6.98
1977 $2.35 $9.32
1980 $3.68 $10.74
1983 $6.04 $14.58
1986 $5.83 $12.78
1989 $5.64 $10.94
1992 $5.89 $10.10
1995 $6.06 $9.57
1998 $6.83 $10.07
2001 $9.63 $13.08
2004 $10.75 $13.69
2007 $13.08 $15.18
2010 $11.39 $12.56
2013 $10.29 $10.63
2016 $10.06 $10.09
Imported Crude Oil Prices (dollars per barrel)
Year Nominal Price of Electricity Real Price of Retail Electricity
1968 $2.90 $20.04
1971 $3.17 $18.82
1974 $12.52 $61.08
1977 $14.53 $57.63
1980 $33.86 $98.85
1983 $29.31 $70.80
1986 $13.93 $30.55
1989 $18.07 $35.07
1992 $18.21 $31.21
1995 $17.14 $27.05
1998 $12.07 $17.80
2001 $21.99 $29.88
2004 $35.89 $45.70
2007 $67.19 $77.93
2010 $75.83 $83.62
2013 $98.12 $101.30
2016 $37.61 $37.74