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News Release Information

24-2355-PHI
Wednesday, November 13, 2024

Contacts Technical information: Media contact:

Average Energy Prices, Washington-Arlington-Alexandria – October 2024

Gasoline prices averaged $3.326 per gallon in the Washington-Arlington-Alexandria area in October 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted that area gasoline prices decreased 9.4 percent from last October when they averaged $3.670 per gallon. Washington area households paid an average of 17.2 cents per kilowatt hour (kWh) of electricity in October 2024, 3.0 percent higher than the 16.7 cents in October 2023. The average price of utility (piped) gas at $1.454 per therm in October 2024 was similar to $1.435 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

Costs for gasoline in the Washington area were at $3.326 per gallon, compared to the national average of $3.412 a gallon of gasoline in October 2024. Last October, gasoline costs in Washington were 6.1 percent lower than the nation. From October 2020 to 2022, prices for a gallon of gasoline in Washington ranged from $2.263 to $3.767. (See chart 1 and table 1.)

In October 2024, Washington households paid 17.2 cents per kWh for electricity, compared to the nationwide average cost of 17.7 cents per kWh.  Last October, the price per kWh of electricity in Washington was 16.7 cents per kWh, similar to the national average of 16.9 cents. From 2020 to 2022, Washington area electricity prices ranged from 13.2 cents to 16.1 cents in October. (See chart 2.)

The price paid by Washington area consumers for utility (piped) gas, commonly referred to as natural gas, was $1.454 per therm in October 2024, similar to the nation’s $1.422 average. Last October, the price for utility (piped) gas in Washington was $1.435, compared to the national average, $1.388 per therm. From 2020 to 2022, the price for utility (piped) gas in the Washington area ranged from 14.1 to 17.9 percent above the national average in October. (See chart 3.)

The Washington-Arlington-Alexandria, DC-VA-MA-WV, Core Based Statistical Area includes the District of Columbia; the counties of Calvert, Charles, Frederick, Montgomery, and Prince George’s in Maryland; the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park and the counties of Arlington, Clarke, Culpeper, Fairfax, Fauquier, Loudoun, Prince William, Rappahannock, Spotsylvania, Stafford, and Warren in Virginia; and the county of Jefferson in West Virginia.

The Consumer Price Index for November 2024 is scheduled to be released on Wednesday, December 11, 2024, at 8:30 a.m. (ET).

Notice Regarding Ceasing Publication of Utility Indexes

With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.

The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity per KWH
  • Utility (piped) gas per therm

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, 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.

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, the United States and Washington-Arlington-Alexandria, DC-VA-MD-WV, October 2023–October 2024, not seasonally adjusted
Year and month Gasoline per gallon Electricity per kWh Utility (piped) gas per therm
United States DC area United States DC area United States DC area

2023

October

$3.910 $3.670 $0.169 $0.167 $1.388 $1.435

November

3.623 3.466 0.168 0.158 1.442 1.433

December

3.411 3.314 0.169 0.157 1.429 1.378

2024

January

3.353 3.266 0.173 0.156 1.452 1.480

February

3.486 3.411 0.173 0.156 1.465 1.432

March

3.707 3.608 0.174 0.160 1.429 1.505

April

3.907 3.775 0.173 0.159 1.375 1.361

May

3.885 3.746 0.175 0.160 1.369 1.517

June

3.729 3.673 0.178 0.172 1.407 1.586

July

3.747 3.692 0.178 0.164 1.408 1.567

August

3.648 3.589 0.177 0.167 1.401 1.506

September

3.478 3.360 0.178 0.171 1.399 1.454

October

3.412 3.326 0.177 0.172 1.422 1.454

 

Last Modified Date: Wednesday, November 13, 2024