Gasoline prices averaged $3.575 per gallon in the Philadelphia-Camden-Wilmington area in November 2023, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted that area gasoline prices were 11.2 percent lower than last November when they averaged $4.027 per gallon. Philadelphia-area households paid an average of 19.4 cents per kilowatt hour (kWh) of electricity in November 2023, 6.0 percent higher than the average of 18.3 cents in November 2022. The average cost of utility (piped) gas at $1.357 per therm in November 2023 was 16.6 percent lower than its price of $1.628 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $3.575 per gallon, the price for gasoline in the Philadelphia area was lower than the national average of $3.623 per gallon in November 2023. From 2019 to 2022, local and national prices for gasoline in November differed by 10.9 percent or less. (See chart 1 and table 1.)

  

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Chart 1. Average prices for gasoline, the United States and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, 2019–23 (as of November)

Period	United States	Philadelphia
Nov 2019	$2.687	$2.674
Nov 2020	$2.159	$2.394
Nov 2021	$3.576	$3.583
Nov 2022	$3.958	$4.027
Nov 2023	$3.623	$3.575
Source: U.S. Bureau of Labor Statistics.

The 19.4 cents per kWh that Philadelphia households paid for electricity in November 2023 was 15.5 percent higher than the nationwide average cost of 16.8 cents per kWh. Last November, electricity prices in Philadelphia were 12.3 percent higher than the nation. From 2019 to 2021, prices paid by Philadelphia-area consumers for electricity in November ranged between 10.3 percent to 14.3 percent higher than the U.S. average. (See chart 2.)

  

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Chart 2. Average prices for electricity, the United States and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, 2019–23 (as of November)

Period	United States	Philadelphia
Nov 2019	$0.133	$0.152
Nov 2020	$0.136	$0.150
Nov 2021	$0.142	$0.159
Nov 2022	$0.163	$0.183
Nov 2023	$0.168	$0.194
Source: U.S. Bureau of Labor Statistics.

The price paid by Philadelphia-area consumers for utility (piped) gas, commonly referred to as natural gas, was $1.357 per therm in November 2023, 5.9 percent lower than the national average of $1.442 per therm. Utility (piped) gas prices in the Philadelphia area in November for the previous four years ranged from 14.9 percent lower to 12.4 percent higher compared to the U.S. average. (See chart 3.)

  

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Chart 3. Average prices for utility (piped) gas, the United States and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, 2019–23 (as of November)

Period	United States	Philadelphia
Nov 2019	$1.058	$1.189
Nov 2020	$1.104	$1.105
Nov 2021	$1.401	$1.192
Nov 2022	$1.616	$1.628
Nov 2023	$1.442	$1.357
Source: U.S. Bureau of Labor Statistics.

The Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Core Based Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Burlington, Camden, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

The Consumer Price Index for December 2023 is scheduled to be released on Thursday, January 11, 2024, 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 individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.