Gasoline prices averaged $4.676 a gallon in the Los Angeles-Long Beach-Anaheim area in January 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Chris Rosenlund noted that area gasoline prices were 12 cents higher than last January when they averaged $4.556 per gallon. Los Angeles area households paid an average of 28.5 cents per kilowatt hour (kWh) of electricity in January 2024, higher than the 27.1 cents price per kWh paid in January 2023. The average cost of utility (piped) gas at $1.630 per therm in January was lower than the $4.618 per therm spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.) 

At $4.676 a gallon, Los Angeles area consumers paid 39.5 percent more than the $3.353 national average in January 2024. A year earlier, consumers in the Los Angeles area paid 28.2 percent more than the national average for a gallon of gasoline. The local price of a gallon of gasoline has ranged from 28.2 percent to 39.5 percent above the national average in the month of January during the past five years. (See chart 1.)

  

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Chart 1. Average prices for gasoline, the United States and Los Angeles-Long Beach-Anaheim, CA, 2020–24 (as of January)

Period	United States	Los Angeles
Jan 2020	$2.631	$3.553
Jan 2021	$2.391	$3.278
Jan 2022	$3.500	$4.708
Jan 2023	$3.555	$4.556
Jan 2024	$3.353	$4.676
Source: U.S. Bureau of Labor Statistics.

The 28.5 cents per kWh Los Angeles households paid for electricity in January 2024 was 64.7 percent more than the nationwide average of 17.3 cents per kWh. Last January, electricity costs were 61.3 percent higher in Los Angeles compared to the nation. In the past five years, prices paid by Los Angeles area consumers for electricity exceeded the U.S. average by 44.0 percent or more in the month of January. (See chart 2.)

  

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Chart 2. Average prices for electricity, the United States and Los Angeles-Long Beach-Anaheim, CA, 2020–24 (as of January)

Period	United States	Los Angeles
Jan 2020	$0.134	$0.193
Jan 2021	$0.136	$0.207
Jan 2022	$0.147	$0.248
Jan 2023	$0.168	$0.271
Jan 2024	$0.173	$0.285
Source: U.S. Bureau of Labor Statistics.

Prices paid by Los Angeles area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.630 per therm, 12.3 percent more than the national average in January 2024 ($1.452 per therm). A year earlier, area consumers paid 153.9 percent more per therm for natural gas compared to the nation. In the Los Angeles area over the past five years, the per therm cost for natural gas in January has varied between 12.3 percent and 153.9 percent above the U.S. average. (See chart 3.)

  

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Chart 3. Average prices for utility (piped) gas, the United States and Los Angeles-Long Beach-Anaheim, CA, 2020–24 (as of January)

Period	United States	Los Angeles
Jan 2020	$1.066	$1.326
Jan 2021	$1.119	$1.409
Jan 2022	$1.409	$1.878
Jan 2023	$1.819	$4.618
Jan 2024	$1.452	$1.630
Source: U.S. Bureau of Labor Statistics.

The Los Angeles-Long Beach-Anaheim, Calif. metropolitan area consists of Los Angeles and Orange Counties in California.

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, 9 divisions, 2 population size classes, 8 region/size-class cross-classifications, and the 23 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 in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.