Obama Making Good On At Least One Promise
(CNSNews.com) – The price of electricity hit a record for the month of October, according to data released Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month.
The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in October 2003.
Americans now pay 42 percent more for electricity than they did a decade ago.
This year, electricity cost 12.9 cents per KWH in January, setting a January record. It stayed at that level in February, setting a February record. Then it dropped to 12.8 cents in March and April–nonetheless setting records for those months. In May, it climbed to 13.1 cents, setting an all-time record for May. Then it jumped to 13.7 cents per KWH in June and stayed at that level through July, August and September.
The 13.7 cents per KWH price of electricity of June through September 2013 was the most expensive electricity has ever been in the United States since BLS started tracking electricity prices in November 1978.