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Friday, December 15, 2023
Gasoline prices averaged $3.403 a gallon in the Detroit-Warren-Dearborn area in November 2023, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that area gasoline prices were down 46.2 cents compared to last November when they averaged $3.865 per gallon. Detroit area households paid an average of 19.5 cents per kilowatt hour (kWh) of electricity in November 2023, up from 18.0 cents per kWh in November 2022. The average cost of utility (piped) gas at $1.169 per therm in November was down from $1.352 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
At $3.403 a gallon, costs for gasoline in the Detroit area were 22.0 cents less than the national average of $3.623 a gallon in November 2023. Over the past five Novembers, gasoline prices in the Detroit area have ranged from $3.865 to $1.982. (See chart 1.)
The 19.5 cents per kWh that Detroit households paid for electricity in November 2023 was 16.1 percent higher than the nationwide average cost of 16.8 cents per kWh. Over the past four Novembers, electricity prices in Detroit have exceeded the national average by as much as 27.2 percent. (See chart 2.)
Prices paid by Detroit area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.169 per therm in November 2023, 27.3 cents below the national average of $1.442 per therm. Excluding November 2021 when data was available, Detroit natural gas prices were at least 13.6 percent below the national average in the previous five Novembers. (See chart 3.)
The Detroit-Warren-Dearborn, MI Core Based Statistical Area consists of Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne Counties in Michigan.
Historical average energy prices for the U.S. and select metropolitan areas are available at www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm.
The December 2023 Consumer Price Index is scheduled to be released on Thursday, January 11, 2024, at 7:30 a.m. (CT).
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; Telecommunications Relay Service: 7-1-1.
Year and month | Gasoline per gallon | Electricity per kWh | Utility (piped) gas per therm | |||
---|---|---|---|---|---|---|
United States | Detroit area | United States | Detroit area | United States | Detroit area | |
2022 | ||||||
November | $3.958 | $3.865 | $0.163 | $0.180 | $1.616 | $1.352 |
December | 3.459 | 3.180 | 0.165 | 0.180 | 1.667 | – |
2023 | ||||||
January | 3.555 | 3.429 | 0.168 | 0.182 | 1.819 | 1.334 |
February | 3.622 | 3.448 | 0.168 | 0.182 | 1.609 | – |
March | 3.660 | 3.543 | 0.166 | 0.192 | 1.493 | 1.207 |
April | 3.839 | 3.638 | 0.165 | 0.192 | 1.413 | 1.174 |
May | 3.794 | 3.540 | 0.165 | 0.192 | 1.385 | 1.154 |
June | 3.821 | 3.680 | 0.170 | 0.201 | 1.371 | 1.138 |
July | 3.842 | 3.654 | 0.169 | 0.201 | 1.395 | 1.137 |
August | 4.064 | 3.869 | 0.170 | 0.202 | 1.402 | 1.121 |
September | 4.107 | 3.804 | 0.171 | 0.204 | 1.377 | 1.144 |
October | 3.910 | 3.563 | 0.169 | 0.202 | 1.388 | 1.159 |
November | 3.623 | 3.403 | 0.168 | 0.195 | 1.442 | 1.169 |
Note: Dash (–) indicates no data available. |
Last Modified Date: Friday, December 15, 2023