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News Release Information

20-1957-PHI
Tuesday, October 13, 2020

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Average Energy Prices, Baltimore-Columbia-Towson – September 2020

Gasoline prices averaged $2.270 per gallon in the Baltimore-Columbia-Towson area in September 2020, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s Regional Commissioner, noted that area gasoline prices were 6.4 percent lower than their price last September when they averaged $2.425 per gallon. Baltimore-area households paid an average of 12.1 cents per kilowatt hour (kWh) of electricity in September 2020, 4.3 percent higher than its September 2019 average of 11.6 cents. The average cost of utility (piped) gas at $1.388 per therm in September 2020 was 34.6 percent higher than its price of $1.031 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $2.270 per gallon, the price for gasoline in the Baltimore area was close to the national average of $2.260 per gallon in September 2020. Gasoline prices in the Baltimore area were below the national average in September for the previous four years, ranging from 0.4 to 10.0 percent lower. (See chart 1 and table 1.)

The 12.1 cents per kWh that Baltimore households paid for electricity in September 2020 was 11.7 percent lower than the nationwide average cost of 13.7 cents per kWh. Last September, electricity prices in Baltimore were 16.5 percent lower than the nation. From 2016 to 2018, prices paid by Baltimore-area consumers for electricity in September differed from the U.S. average by 9.4 percent or less. (See chart 2.)

The price paid by Baltimore-area consumers for utility (piped) gas, commonly referred to as natural gas, was $1.388 per therm in September 2020, 30.5 percent higher than the national average of $1.064 per therm. Local utility (piped) gas prices were 1.2 percent higher than those for the nation in September 2019. From 2016 to 2018, local prices for utility (piped) gas in September differed from the national average by 21.4 percent or less. (See chart 3.)

The Consumer Price Index for October 2020 is scheduled to be released on Thursday, November 12, 2020, at 8:30 a.m. (ET).


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, 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.

 Table 1. Average prices for gasoline, electricity, and utility (piped) gas, United States and the Baltimore area, September 2019–September 2020, not seasonally adjusted
Year and Month Gasoline per gallon Electricity per kWh Utility (piped) gas per therm
Baltimore United States Baltimore United States Baltimore United States

2019

           

September

$2.425 $2.694 $0.116 $0.139 $1.031 $1.019

October

2.445 2.741 0.122 0.136 1.126 1.041

November

2.452 2.687 0.123 0.133 1.305 1.058

December

2.444 2.652 0.125 0.133 1.268 1.057

2020

           

January

2.501 2.631 0.127 0.134 1.347 1.066

February

2.343 2.530 0.132 0.134 1.383 1.050

March

2.252 2.334 0.133 0.134 1.328 1.034

April

1.915 1.946 0.133 0.133 1.344 1.028

May

1.858 1.946 0.132 0.134 1.367 1.037

June

2.073 2.141 0.128 0.137 1.360 1.037

July

2.234 2.243 0.129 0.137 1.343 1.027

August

2.255 2.245 0.123 0.137 1.372 1.031

September

2.270 2.260 0.121 0.137 1.388 1.064

 

Last Modified Date: Tuesday, October 13, 2020