Text Version of Figure 3.13
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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 |