Wednesday, May 27, 2015
Gasoline prices averaged $2.454 a gallon in the Washington-Baltimore area in April 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that area gasoline prices were down 33.3 percent compared to last April when they averaged $3.680 per gallon. Washington area households paid an average of 12.4 cents per kilowatt hour (kWh) of electricity in April 2015, almost unchanged from 12.9 cents per kWh in April 2014. The average price of utility (piped) gas at $1.093 per therm in April was down 11.1 percent from $1.229 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $2.454 a gallon, the price for gasoline in the Washington area was close to the national average of $2.545 a gallon in April 2015. Last April, gasoline prices in Washington were also similar to those for the nation. In fact, prices for a gallon of gasoline in Washington have differed from the U.S. average by less than 4 percent in April over the past five years. (See chart 1 and table 1.)
The 12.4 cents per kWh that Washington households paid for electricity in April 2015 was 9.5 percent lower than the nationwide average of 13.7 cents per kWh. Last April, the price per kWh for electricity in Washington was 1.5 percent lower than the national average. Since 2012, Washington area electricity prices have been lower than the national average by 1.5 percent or more in the month of April. (See chart 2.)
The price paid by Washington area consumers for utility (piped) gas, commonly referred to as natural gas, was $1.093 per therm in April 2015, 15.4 percent above the national average of $0.947 per therm. Utility (piped) gas prices in the Washington area have ranged from 5.3 percent to 21.6 percent higher than the national average in April over the past five years. (See chart 3.)
The Washington-Baltimore, D.C.-Md.-Va.-W.Va. Consolidated Metropolitan Statistical Area 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.
The Consumer Price Index for May 2015 is scheduled to be released on Thursday, June 18, 2015, at 8:30 a.m. (ET).
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 in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.
|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|
Last Modified Date: Wednesday, May 27, 2015