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14-625-ATL

Tuesday, April 15, 2014

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Average Energy Prices, Atlanta – March 2014

Gasoline prices averaged $3.400 a gallon in the Atlanta area in March 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that area gasoline prices were down 24.6 cents compared to last March when they averaged $3.646 per gallon. Atlanta area households paid an average of 11.1 cents per kilowatt hour (kWh) of electricity in March 2014, up from 10.8 cents (kWh) in March 2013. The average cost of utility (piped) gas at $1.632 was more than the $1.458 spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

Atlanta area consumers paid $3.400 a gallon for gasoline in March 2014, compared to $3.590 nationally. A year earlier, consumers in the Atlanta area paid similar prices as the national average for a gallon of gasoline. The local price of a gallon of gasoline has been lower than the national average by 13 cents or more in the month of March for the last four years. (See chart 1.)

Chart 1. Average prices for gasoline, Atlanta and the United States, 2010-2014 (as of March)


The 11.1 cents per kWh Atlanta households paid for electricity in March 2014 was 17.8 percent less than the nationwide average of 13.5 cents per kWh. Last March, electricity costs were 15.6 percent lower in Atlanta compared to the nation. In each of the past five years, prices paid by Atlanta area consumers for electricity were at least 11 percent less than the U.S. average in the month of March. (See chart 2.)

Chart 2. Average prices for electricity, Atlanta and the United States, 2010-2014 (as of March)


Prices paid by Atlanta area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.632 per therm, or 41.4 percent more compared to the national average in March 2014 ($1.154 per therm). A year earlier, area consumers paid 46.7 percent more per therm for natural gas compared to the nation. In each of the past five years, the per therm cost for natural gas in March for Atlanta households was at least 30 percent more than the U.S. average. (See chart 3.)

Chart 3. Average prices for utility (piped) gas, Atlanta and the United States, 2010-2014 (as of March)


The Atlanta, Ga. Metropolitan Statistical Area (MSA) consists of Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding, and Walton Counties in Georgia.

 

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, Atlanta and the United States, March 2013-2014, not seasonally adjusted
Year and Month Gasoline Per Gallon Electricity per kWh Utility (piped) gas per therm
Atlanta area United States Atlanta area United States Atlanta area United States
2013

March

3.646 3.792 0.108 0.128 1.458 0.994

April

3.445 3.647 0.109 0.128 1.521 1.020

May

3.541 3.682 0.112 0.131 1.526 1.036

June

3.531 3.693 0.142 0.137 1.548 1.038

July

3.526 3.687 0.142 0.137 1.503 1.025

August

3.540 3.658 0.142 0.137 1.475 1.003

September

3.480 3.616 0.142 0.137 1.520 1.000

October

3.384 3.434 0.112 0.132 1.505 0.999

November

3.241 3.310 0.109 0.130 1.495 0.999

December

3.221 3.333 0.109 0.131 1.528 0.998
2014

January

3.258 3.378 0.111 0.134 1.565 1.040

February

3.278 3.422 0.111 0.134 1.725 1.078

March

3.400 3.590 0.111 0.135 1.632 1.154

Last Modified Date: April 15, 2014