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Friday, October 18, 2024
Gasoline prices averaged $3.469 a gallon in the Detroit-Warren-Dearborn area in September 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that area gasoline prices were less than last September levels when they averaged $3.804 per gallon. Detroit area households paid an average of 21.2 cents per kilowatt hour (kWh) of electricity in September 2024, up from 20.4 cents per kWh in September 2023. The average cost of utility (piped) gas was $1.107 per therm in September, down from $1.144 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
The cost of a gallon of gasoline in the Detroit area averaged $3.469 in September 2024 compared to the $3.478 per gallon national average. Last September, gasoline costs in Detroit were 30.3 cents lower than the nation. Over the past five Septembers, gasoline prices in the Detroit area have ranged from $4.035 to $2.067 a gallon. (See chart 1.)
The 21.2 cents per kWh that Detroit households paid for electricity in September 2024 was 19.1 percent higher than the nationwide average cost of 17.8 cents per kWh. Over the past five Septembers, electricity prices per Kwh in Detroit exceeded the U.S. average by 12.6 percent or more. (See chart 2.)
Prices paid by Detroit area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.107 per therm in September 2024, 29.2 cents below the national average of $1.399 per therm. In September 2023, utility (piped) gas prices in the Detroit area were 23.3 cents below the national average. Over the past five Septembers, utility (piped) gas prices in Detroit have been below the national average by 17.4 cents or more. (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.
The Consumer Price Index for October 2024 is scheduled to be released on Wednesday, November 13, 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 | |
2023 |
||||||
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 |
December |
3.411 | 3.131 | 0.169 | – | 1.429 | 1.166 |
2024 |
||||||
January |
3.353 | 3.062 | 0.173 | 0.208 | 1.452 | 1.135 |
February |
3.486 | 3.284 | 0.173 | 0.204 | 1.465 | – |
March |
3.707 | 3.609 | 0.174 | – | 1.429 | – |
April |
3.907 | 3.695 | 0.173 | 0.203 | 1.375 | 1.124 |
May |
3.885 | 3.690 | 0.175 | 0.203 | 1.369 | 1.129 |
June |
3.729 | 3.646 | 0.178 | 0.212 | 1.407 | 1.131 |
July |
3.747 | 3.698 | 0.178 | 0.212 | 1.408 | 1.139 |
August |
3.648 | 3.656 | 0.177 | 0.212 | 1.401 | 1.137 |
September |
3.478 | 3.469 | 0.178 | 0.212 | 1.399 | 1.107 |
Note: Dash (–) indicates no data available. |
Last Modified Date: Friday, October 18, 2024