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Friday, February 15, 2019

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Average Energy Prices, Seattle-Tacoma-Bellevue – January 2019

Gasoline prices averaged $2.944 a gallon in the Seattle-Tacoma-Bellevue area in January 2019, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Richard Holden noted that area gasoline prices were up 10.5 cents compared to last January when they averaged $2.839 per gallon. Seattle area households paid an average of 11.0 cents per kilowatt hour (kWh) of electricity in January 2019, similar to the 11.1 cents per kWh paid in January 2018. The average cost of utility (piped) gas at $0.987 per therm in January was less than the $1.078 per therm spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.) 

At $2.944 a gallon, Seattle area consumers paid 25.2 percent more than the $2.352 national average in January 2019. A year earlier, consumers in the Seattle area paid 9.4 percent more than the national average for a gallon of gasoline. The local price of a gallon of gasoline has been within 25.2 percent of the national average in the month of January during the past five years. (See chart 1.)

The 11.0 cents per kWh Seattle households paid for electricity in January 2019 was 18.5 percent less than the nationwide average of 13.5 cents per kWh. Last January, electricity costs were 17.8 percent lower in Seattle compared to the nation. In each of the past five years during the month of January, prices paid by Seattle area consumers for electricity were less than the U.S. average by at least 17.8 percent. (See chart 2.)

Prices paid by Seattle area consumers for utility (piped) gas, commonly referred to as natural gas, were $0.987 per therm, 8.8 percent  lower than the national average in January 2019 ($1.082 per therm). A year earlier, area consumers paid 2.9 percent more per therm for natural gas compared to the nation. In the past five years, the per therm cost for natural gas in January in the Seattle area has varied between 8.8 percent below and 17.6 percent above the U.S. average. (See chart 3.)

The Seattle-Tacoma-Bellevue, Wash. metropolitan area consists of King, Snohomish, and Pierce Counties of Washington.


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.

 Table 1. Average prices for gasoline, electricity, and utility (piped) gas, Seattle-Tacoma-Bellevue and the United States, January 2018-January 2019, not seasonally adjusted
Year and month Gasoline per gallon Electricity per kWh Utility (piped) gas per therm
Seattle area United States Seattle area United States Seattle area United States
2018            

January

$2.839 $2.596 $0.111 $0.135 $1.078 $1.048

February

2.974 2.632 0.111 0.135 1.078 1.077

March

3.023 2.631 0.111 0.135 1.078 1.054

April

3.197 2.795 0.114 0.134 1.078 1.044

May

3.346 2.963 0.111 0.136 1.086 1.050

June

3.379 2.970 0.111 0.139 1.086 1.042

July

3.311 2.930 0.111 0.139 1.086 1.038

August

3.221 2.919 0.111 0.139 1.083 1.055

September

3.248 2.930 0.111 0.138 1.083 1.030

October

3.406 2.945 0.108 0.136 1.081 1.023

November

3.374 2.733 0.108 0.134 0.983 1.020

December

3.143 2.479 0.108 0.135 0.983 1.085
2019            

January

2.944 2.352 0.110 0.135 0.987 1.082

 

Last Modified Date: Friday, February 15, 2019