Gasoline prices averaged $3.711 a gallon in the New York-Newark-Jersey City area in June 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that area gasoline prices were similar to last June when they averaged $3.721 per gallon. New York area households paid an average of 28.8 cents per kilowatt hour (kWh) of electricity in June 2024, up from 24.6 cents per kWh in June 2023. The average cost of utility (piped) gas at $1.598 per therm in June was up from $1.475 per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $3.711 a gallon, costs for gasoline in the New York area were similar to the national average of $3.729 a gallon in June 2024. Last June, gasoline costs in New York were $3.721, compared to the national average of $3.821. Over the past five Junes, gasoline prices in the New York area have ranged from $2.205 to $5.131. (See chart 1.)

The 28.8 cents per kWh that New York households paid for electricity in June 2024 was 61.8 percent more than the nationwide average cost of 17.8 cents per kWh. Last June, electricity costs in New York were 24.6 cents per kWh, compared to the national average of 17.0 cents. Over the past five Junes, New York area electricity prices exceeded the national average by at least 44 percent. (See chart 2.)

Prices paid by New York area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.598 per therm in June 2024, 13.6 percent above the national average of $1.407 per therm. Utility (piped) gas prices in the New York area have ranged from $1.198 to $1.674 over the previous five Junes. (See chart 3.)

The New York-Newark-Jersey City, NY-NJ-PA, Core Based Statistical Area includes Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York; Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union Counties in New Jersey; and Pike County in Pennsylvania.

The Consumer Price Index for July 2024 is scheduled to be released on Wednesday, August 14, 2024, 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; Telecommunications Relay Service: 7-1-1.

Table 1. Average prices for gasoline, electricity, and utility (piped) gas, the United States and New York-Newark-Jersey City, NY-NJ-PA, June 2023–June 2024, not seasonally adjusted

Year and month	Gasoline per gallon		Electricity per kWh		Utility (piped) gas per therm
	United States	New York area	United States	New York area	United States	New York area
2023
June	$3.821	$3.721	$0.170	$0.246	$1.371	$1.475
July	3.842	3.753	0.169	0.251	1.395	1.474
August	4.064	3.938	0.170	0.253	1.402	1.507
September	4.107	3.950	0.171	0.252	1.377	1.512
October	3.910	3.851	0.169	0.233	1.388	1.500
November	3.623	3.678	0.168	0.245	1.442	1.589
December	3.411	3.504	0.169	0.241	1.429	1.621
2024
January	3.353	3.399	0.173	0.265	1.452	1.656
February	3.486	3.438	0.173	0.255	1.465	1.649
March	3.707	3.512	0.174	0.266	1.429	1.645
April	3.907	3.701	0.173	0.259	1.375	1.581
May	3.885	3.832	0.175	0.252	1.369	1.575
June	3.729	3.711	0.178	0.288	1.407	1.598