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Friday, July 25, 2014

14-1394-SAN

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Average Energy Prices, San Francisco-Oakland-San Jose – June 2014


Gasoline prices averaged $4.155 a gallon in the San Francisco-Oakland-San Jose area in June 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Richard J. Holden noted that area gasoline prices were up 11.8 cents compared to last June when they averaged $4.037 per gallon. San Francisco area households paid an average of 23.3 cents per kilowatt hour (kWh) of electricity in June 2014, up from 22.8 cents per kWh in June 2013. The average cost of utility (piped) gas at $1.427 per therm in June was more than the $1.335 per therm spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $4.155 a gallon, San Francisco area consumers paid 10.8 percent more than the $3.750 national average in June 2014. A year earlier, consumers in the San Francisco area paid 9.3 percent more than the national average for a gallon of gasoline. The local price of a gallon of gasoline has exceeded the national average by at least 4.8 percent in the month of June in each of the past five years. (See chart 1.)

Chart 1. Average prices for gasoline, San Francisco-Oakland-San Jose and the United States, 2010-2014 (as of June)



The 23.3 cents per kWh San Francisco households paid for electricity in June 2014 was 62.9 percent more than the nationwide average of 14.3 cents per kWh. Last June, electricity costs were 66.4 percent higher in San Francisco compared to the nation. In each of the past five years, prices paid by San Francisco area consumers for electricity exceeded the U.S. average by at least 62.9 percent in the month of June. (See chart 2.)

Chart 2. Average prices for electrictity, San Francisco-Oakland-San Jose and the United States, 2010-2014 (as of June)

Prices paid by San Francisco area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.427 per therm, or 31.2 percent above the national average in June 2014 ($1.088 per therm). A year earlier, area consumers paid 28.6 percent more price per therm for natural gas compared to the nation. In the past five years, the per therm cost for natural gas in June in the San Francisco area has varied between 16.1 percent and 45.1 percent above the U.S. average. (See chart 3.)

Chart 3. Average prices for utility (piped) gas, San Francisco-Oakland-San Jose and the United States, 2010-2014 (as of June)




The San Francisco-Oakland-San Jose, Calif. metropolitan area consists of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma Counties in California.

Technical Information
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) and per 500 kWh are published. For utility (piped) gas, average prices per therm, per 40 therms, and per 100 therms 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.

Price quotes for 40 therms and 100 therms of utility (piped) gas and for 500 kWh of electricity are collected in sample outlets for use in the average price programs only. Since they are for specified consumption amounts, they are not used in the CPI. All other price quotes used for average price estimation are regular CPI data.

With the exception of the 40 therms, 100 therms, and 500 kWh price quotes, 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, United States and the San Francisco area, June 2013–June 2014, not seasonally adjusted
Year and Month Gasoline per gallon Electricity per kWh Utility (piped) gas per therm
San Francisco United States San Francisco United States San Francisco United States
2013

June

4.037
3.693
0.228
0.137
1.335
1.038

July

4.011 3.687 0.228 0.137 1.304 1.025

August

3.876
3.658
0.228
0.137
1.291
1.003

September

3.987 3.616 0.228 0.137 1.260 1.000

October

3.774 3.434 0.231 0.132 1.264 0.999

November

3.625 3.310 0.219 0.130 1.194 0.999

December

3.597 3.333 0.219 0.131 1.152 0.998
2014

January

3.636
3.378
0.221
0.134
1.255
1.040

February

3.716 3.422 0.221 0.134 1.332 1.078

March

3.951
3.590
0.222
0.135
1.386
1.154

April

4.162 3.717 0.182 0.131 1.424 1.137

May

4.193
3.745
0.232
0.136
1.465
1.111

June

4.155 3.750 0.233 0.143 1.427 1.088