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Thursday, July 24, 2014

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Average Energy Prices, Washington-Baltimore – June 2014

Gasoline prices averaged $3.688 a gallon in the Washington-Baltimore area in June 2014, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that area gasoline prices slightly increased (2.8 percent) from last June when they averaged $3.587 per gallon. Washington area households paid an average of 12.8 cents per kilowatt hour (kWh) of electricity in June 2014, down 3.0 percent since June 2013. The average cost of utility (piped) gas at $1.174 per therm in June also decreased, down 2.2 percent from a year ago. (All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)

At $3.688 a gallon, Washington area consumers paid close to the national average of $3.750 for gasoline in June 2014. A year earlier, the price for a gallon of gasoline in the Washington area was also similar to the national average. In fact, the local prices for a gallon of gasoline in June have differed by less than 4 percent from the national average in each of the last five years. (See chart 1 and table 1.)

Chart 1. Average prices for gasoline, Washington-Baltimore and United States, 2010-2014

The 12.8 cents per kWh that Washington households paid for electricity in June 2014 was 10.5 percent lower than the nationwide average of 14.3 cents. Last year, electricity prices for consumers in Washington were close to those for the nation. In fact, in the month of June, local prices for electricity were similar to those for the nation from 2011 to 2013. (See chart 2.)

Chart 2. Average prices for electricity, Washington-Baltimore and United States, 2010-2014

In June 2014, the price paid by Washington area consumers for utility (piped) gas, commonly referred to as natural gas, at $1.174 per therm, was 7.9 percent more than the national average of $1.088. A year earlier, local area consumers paid 15.7 percent more per therm for natural gas compared to consumers nationwide. In fact, from 2010 to 2014, the per-therm cost for natural gas in Washington exceeded the U.S. average by at least 7 percent in the month of June. (See chart 3.)

Chart 3. Average prices for utility (piped) gas, Washington-Baltimore and United States, 2010-2014



The Washington-Baltimore, D.C.-Md.-Va.-W.Va. Consolidated Metropolitan Statistical Area (CMSA) includes the District of Columbia; Baltimore City and the counties of Anne Arundel, Baltimore, Calvert, Carroll, Charles, Frederick, Harford, Howard, Montgomery, Prince George’s, Queen Anne’s, and Washington in Maryland; the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park and the counties of Arlington, Clarke, Culpeper, Fairfax, Fauquier, King George, Loudoun, Prince William, Spotsylvania, Stafford, and Warren in Virginia; and the counties of Berkeley and Jefferson in West Virginia.

Additional information

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Technical Note

Average prices are estimated from Consumer Price Index (CPI) data for selected commodity series to support the research and analytic needs of CPI data users. Average prices for electricity, utility (piped) gas, and gasoline are published monthly for the U.S. city average, the 4 regions, the 3 population size classes, 10 region/size-class cross-classifications, and the 14 largest local index areas. For electricity, average prices per kilowatt-hour (kWh) are published. For utility (piped) gas, average prices per therm are published. For gasoline, the average price per gallon is published. Average prices for commonly available grades of gasoline are published as well as the average price across all grades.

All eligible prices are converted to a price per normalized quantity. These prices are then used to estimate a price for a defined fixed quantity. The average price per kilowatt-hour represents the total bill divided by the kilowatt-hour usage. The total bill is the sum of all items applicable to all consumers appearing on an electricity bill including, but not limited to, variable rates per kWh, fixed costs, taxes, surcharges, and credits.This calculation also applies to the average price per therm for utility (piped) gas.

Table 1. Average prices for utility (piped) gas, gasoline, and electricity, United States and the Washington-Baltimore area, June 2013-June 2014, not seasonally adjusted
Year and Month Gasoline per gallon Electricity per kWh Utility (piped) gas per therm
United States Washington-Baltimore United States Washington-Baltimore United States Washington-Baltimore
2013

June

$3.693 $3.587 $0.137 $0.132 $1.038 $1.201

July

3.687 3.640 0.137 0.136 1.025 1.143

August

3.658 3.636 0.137 0.139 1.003 1.011

September

3.616 3.525 0.137 0.140 1.000 1.054

October

3.434 3.400 0.132 0.135 0.999 1.080

November

3.310 3.330 0.130 0.131 0.999 1.106

December

3.333 3.438 0.131 0.131 0.998 1.101
2014

January

3.378 3.443 0.134 0.130 1.040 1.115

February

3.422 3.393 0.134 0.129 1.078 1.175

March

3.590 3.545 0.135 0.129 1.154 1.333

April

3.717 3.680 0.131 0.129 1.137 1.229

May

3.745 3.700 0.136 0.129 1.111 1.169

June

3.750 3.688 0.143 0.128 1.088 1.174

Last Modified Date: July 24, 2014

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