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Monday, September 21, 2015
Gasoline prices averaged $2.609 a gallon in the Washington-Baltimore area in August 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that area gasoline prices were down 25.0 percent compared to last August when they averaged $3.478 per gallon. Washington area households paid an average of 13.5 cents per kilowatt hour (kWh) of electricity in August 2015, up 3.1 percent from 13.1 cents per kWh in August 2014. The average price of utility (piped) gas at $1.001 per therm in August was down 4.1 percent from $1.044 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $2.609 a gallon, Washington area consumers paid 5.0 percent less than the national average of $2.745 for a gallon of gasoline in August 2015. Last August, gasoline prices in Washington were also similar to those for the nation. Prices for a gallon of gasoline in Washington have differed from the U.S. average by 5 or less percent in August over the past five years. (See chart 1 and table 1.)chart 2.) chart 3.)
The Consumer Price Index for September 2015 is scheduled to be released on Thursday, October 15, 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: Monday, September 21, 2015