The cost of energy in the US fell by 5.1% year-on-year in April 2023, following a 6.4% decline in the prior month. It was the second consecutive drop in energy prices since January 2021. Prices fell for fuel oil (-20.2% vs -14.2% in March), gasoline (-12.2% vs -17.4%) and natural gas (-2.1% vs 5.5%). In the meantime, electricity prices slowed down (8.4% vs 10.2%). source: Bureau of Labor Statistics
Energy Inflation in the United States averaged 4.65 Percent from 1958 until 2023, reaching an all time high of 47.13 Percent in March of 1980 and a record low of -28.09 Percent in July of 2009. This page includes a chart with historical data for the United States Energy Inflation. United States Energy Inflation - values, historical data and charts - was last updated on June of 2023.