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Midwest Information Office

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14-2189-CHI November 26, 2014

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Average Energy Prices, Chicago-Gary-Kenosha – October 2014

Gasoline prices averaged $3.366 a gallon in the Chicago-Gary-Kenosha area in October 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that Chicago area households paid an average of 16.7 cents per kilowatt hour (kWh) of electricity in October 2014, up from 12.5 cents per kWh in October 2013. The average cost of utility (piped) gas at 88.5 cents per therm in October was up from 88.3 cents per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.) 

At $3.366 a gallon, costs for gasoline in the Chicago area were 12.5 cents above the national average of $3.241 a gallon in October 2014. In October 2010 and October 2012, prices for a gallon of gasoline in Chicago were higher than the U.S. average by similar amounts, 12.3 cents. (See chart 1.) 

 Chart 1. Average prices for gasoline, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)
The 16.7 cents per kWh that Chicago households paid for electricity in October 2014 was 22.8 percent higher than the nationwide average cost of 13.6 cents per kWh. Last October, electricity costs in Chicago were 5.3 percent lower than the nation. With the exception of October 2013, Chicago area electricity costs have exceeded the national average by 14.2 percent or more over the past five Octobers. (See chart 2.)
 Chart 2. Average prices for electricity, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)
Prices paid by Chicago area consumers for utility (piped) gas, commonly referred to as natural gas, were 88.5 cents per therm in October 2014, 14.3 percent below the national average of $1.033 per therm. Utility (piped) gas prices in the Chicago area have been below the national average over the previous five Octobers, ranging from 11.6 percent to 22.1 percent lower. (See chart 3.)
 Chart 3. Average prices for utility (piped) gas, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)

The Chicago-Gary-Kenosha, Ill.-Ind.-Wis. Consolidated Metropolitan Statistical Area (CMSA) consists of Cook, De Kalb, Du Page, Grundy, Kane, Kankakee, Kendall, Lake, McHenry, and Will Counties in Illinois; Lake and Porter Counties in Indiana; and Kenosha County in Wisconsin.

Historical average energy prices for the U.S. and select metropolitan areas are available at www.bls.gov/regions/midwest/data/AverageEnergyPrices_SelectedAreas_Table.htm.


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.

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

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, Chicago-Gary-Kenosha and the United States, October 2013 - October 2014, not seasonally adjusted
Year and month Gasoling per gallon Electricity per kWh Utility (piped) gas per therm
Chicago area United States Chicago area United States Chicago area United States

2013

 

October

(NA) $3.434 $0.125 $0.132 $0.883 $0.999

November

3.436 3.310 0.125 0.130 0.877 0.999

December

3.396 3.333 0.125 0.131 0.871 0.998

2014

 

January

3.545 3.378 0.138 0.134 0.909 1.040

February

3.603 3.422 0.138 0.134 0.969 1.078

March

3.919 3.590 0.138 0.135 1.269 1.154

April

4.044 3.717 0.139 0.131 1.394 1.137

May

3.920 3.745 0.139 0.136 1.214 1.111

June

4.051 3.750 0.161 0.143 1.158 1.088

July

3.769 3.690 0.160 0.143 1.186 1.093

August

3.635 3.540 0.162 0.143 1.122 1.060

September

3.671 3.463 0.164 0.141 1.009 1.058

October

3.366 3.241 0.167 0.136 0.885 1.033

Footnotes:
(NA) - Data not adequate for publication.
 

Last Modified Date: Wednesday, November 26, 2014

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News Release Information

14-2189-CHI November 26, 2014

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Average Energy Prices, Chicago-Gary-Kenosha – October 2014

Gasoline prices averaged $3.366 a gallon in the Chicago-Gary-Kenosha area in October 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that Chicago area households paid an average of 16.7 cents per kilowatt hour (kWh) of electricity in October 2014, up from 12.5 cents per kWh in October 2013. The average cost of utility (piped) gas at 88.5 cents per therm in October was up from 88.3 cents per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.) 

At $3.366 a gallon, costs for gasoline in the Chicago area were 12.5 cents above the national average of $3.241 a gallon in October 2014. In October 2010 and October 2012, prices for a gallon of gasoline in Chicago were higher than the U.S. average by similar amounts, 12.3 cents. (See chart 1.) 

 Chart 1. Average prices for gasoline, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)
The 16.7 cents per kWh that Chicago households paid for electricity in October 2014 was 22.8 percent higher than the nationwide average cost of 13.6 cents per kWh. Last October, electricity costs in Chicago were 5.3 percent lower than the nation. With the exception of October 2013, Chicago area electricity costs have exceeded the national average by 14.2 percent or more over the past five Octobers. (See chart 2.)
 Chart 2. Average prices for electricity, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)
Prices paid by Chicago area consumers for utility (piped) gas, commonly referred to as natural gas, were 88.5 cents per therm in October 2014, 14.3 percent below the national average of $1.033 per therm. Utility (piped) gas prices in the Chicago area have been below the national average over the previous five Octobers, ranging from 11.6 percent to 22.1 percent lower. (See chart 3.)
 Chart 3. Average prices for utility (piped) gas, Chicago-Gary-Kenosha and the United States, 2010-2014 (as of October)

The Chicago-Gary-Kenosha, Ill.-Ind.-Wis. Consolidated Metropolitan Statistical Area (CMSA) consists of Cook, De Kalb, Du Page, Grundy, Kane, Kankakee, Kendall, Lake, McHenry, and Will Counties in Illinois; Lake and Porter Counties in Indiana; and Kenosha County in Wisconsin.

Historical average energy prices for the U.S. and select metropolitan areas are available at www.bls.gov/regions/midwest/data/AverageEnergyPrices_SelectedAreas_Table.htm.


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.

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

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, Chicago-Gary-Kenosha and the United States, October 2013 - October 2014, not seasonally adjusted
Year and month Gasoling per gallon Electricity per kWh Utility (piped) gas per therm
Chicago area United States Chicago area United States Chicago area United States

2013

 

October

(NA) $3.434 $0.125 $0.132 $0.883 $0.999

November

3.436 3.310 0.125 0.130 0.877 0.999

December

3.396 3.333 0.125 0.131 0.871 0.998

2014

 

January

3.545 3.378 0.138 0.134 0.909 1.040

February

3.603 3.422 0.138 0.134 0.969 1.078

March

3.919 3.590 0.138 0.135 1.269 1.154

April

4.044 3.717 0.139 0.131 1.394 1.137

May

3.920 3.745 0.139 0.136 1.214 1.111

June

4.051 3.750 0.161 0.143 1.158 1.088

July

3.769 3.690 0.160 0.143 1.186 1.093

August

3.635 3.540 0.162 0.143 1.122 1.060

September

3.671 3.463 0.164 0.141 1.009 1.058

October

3.366 3.241 0.167 0.136 0.885 1.033

Footnotes:
(NA) - Data not adequate for publication.
 

Last Modified Date: Wednesday, November 26, 2014