Thursday, October 10, 2019
Gasoline prices averaged $2.425 a gallon in the Baltimore-Columbia-Towson area in September 2019, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s Regional Commissioner, noted that area gasoline prices were 13.5 percent lower than last September when they averaged $2.802 per gallon. Baltimore-area households paid an average of 11.6 cents per kilowatt hour (kWh) of electricity in September 2019, 8.7 percent lower than its September 2018 average of 12.7 cents. The average cost of utility (piped) gas at $1.031 per therm in September was close to its price of $1.025 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $2.425 a gallon, the price for gasoline in the Baltimore area was 10.0 percent lower than the national average of $2.694 a gallon in September 2019. Gasoline prices in the Baltimore area were below the national average in September for the previous four years, ranging from 0.4 percent to 8.1 percent lower. (See chart 1 and table 1.)
The 11.6 cents per kWh that Baltimore households paid for electricity in September 2019 was 16.5 percent lower than the nationwide average cost of 13.9 cents per kWh. Last September, electricity prices in Baltimore were 8.0 percent lower than the nation. From 2015 to 2017, prices paid by Baltimore-area consumers for electricity in September differed from the U.S. average by 1.4 to 9.4 percent. (See chart 2.)
The price paid by Baltimore-area consumers for utility (piped) gas, commonly referred to as natural gas, was $1.031 per therm in September 2019, close to the national average of $1.019 per therm. Local utility (piped) gas prices were also close to those for the nation in September 2018. From 2015 to 2017, utility (piped) gas prices in the Baltimore area differed from the national average prices by 2.2 to 21.4 percent in September. (See chart 3.)
The Consumer Price Index for October 2019 is scheduled to be released on Wednesday, November 13, 2019, 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, 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; Federal Relay Service: (800) 877-8339.
The Baltimore-Columbia-Towson, MD, Core Based Statistical Area includes Baltimore City and the counties of Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s in Maryland.
|Year and Month||Gasoline per gallon||Electricity per kWh||Utility (piped) gas per therm|
|Baltimore||United States||Baltimore||United States||Baltimore||United States|
Last Modified Date: Thursday, October 10, 2019