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Tuesday, April 3, 2012

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Average Energy Prices in the Washington-Baltimore Area – February 2012

Washington-Baltimore area consumers paid 17.3 percent more than the U.S. city average for utility (piped) gas in February 2012 as measured by the Consumer Price Index (CPI), the U.S. Bureau of Labor Statistics reported today. In contrast, local prices for both gasoline and electricity were close to their national averages. Sheila Watkins, the Bureau’s regional commissioner, noted that local prices for gasoline rose over the year while those for utility (piped) gas and electricity changed little. (See table A. Data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)


Table A. Average prices for utility (piped) gas, gasoline, and electricity, United States and the Washington-Baltimore area, February 2011 and February 2012
Item February 2011 February 2012
United States Washington-Baltimore Percent difference United States Washington-Baltimore Percent difference

Utility (piped) gas per therm

$1.095 $1.164 6.3 $0.986 $1.157 17.3

Gasoline per gallon

3.215 3.176 -1.2 3.622 3.647 0.7

Electricity per kWh

0.125 0.128 2.4 0.128 0.124 -3.1

NOTE: A positive percent difference measures how much the price in the Washington-Baltimore area is above the national price, while a negative difference reflects a lower price in the Washington-Baltimore area.

A therm—a measure of constant heating value—of utility (piped) gas, commonly referred to as natural gas, in the Washington-Baltimore area averaged $1.157 in February 2012, little changed from the previous February. Nationwide, a therm averaged $0.986 in February 2012, down 10.0 percent from one year earlier. (See table 1.) Over the last five years, local and national prices have followed similar trends, though local prices were above those for the nation in all but one month. (See chart 1.)

Chart 1. Average prices for utility (piped) gas, United States and the Washington-Baltimore area, February 2007–February 2012

In February 2012, gasoline prices in the Washington-Baltimore area averaged $3.647 per gallon. Local gas prices were $0.025 higher than the national average of $3.622. Over the year, gasoline prices jumped 14.8 percent in the Washington-Baltimore area and 12.7 percent nationwide. Though gasoline prices are historically subject to rapid monthly fluctuations, area prices have stayed close to the national average over the past five years. (See chart 2.)

Chart 2. Average prices for electricity, United States and the Washington-Baltimore area, February 2007–February 2012

A kilowatt-hour (kWh) of electricity cost Washington-Baltimore area consumers $0.124 in February 2012, down 3.1 percent from one year earlier. Nationwide, electricity prices averaged $0.128 in February 2012. (See chart 3.) Locally, electricity prices have stayed close to those for the nation since October 2010.

Chart 3. Average prices for gasoline, United States and the Washington-Baltimore area, February 2007–February 2012


The Washington-Baltimore, D.C.-Md.-Va.-W.Va. Consolidated Metropolitan Statistical Area (CMSA) includes the District of Columbia; Baltimore City and the counties of Anne Arundel, Baltimore, Calvert, Carroll, Charles, Frederick, Harford, Howard, Montgomery, Prince George’s, Queen Anne’s, and Washington in Maryland; the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park and the counties of Arlington, Clarke, Culpeper, Fairfax, Fauquier, King George, Loudoun, Prince William, Spotsylvania, Stafford, and Warren in Virginia; and the counties of Berkeley and Jefferson in West Virginia.

Additional information

Information in this release will be made available to sensory impaired individuals upon request.  Voice phone: 202-691-5200; TDD message referral phone number: 1-800-877-8339.

For personal assistance or further information on the CPI data, as well as other Bureau data, contact the Mid-Atlantic Information Office at 215-597-3282 from 8:30 a.m. to 12:00 p.m. and 1:00 p.m. to 3:30 p.m. ET.  Information on the Consumer Price Index and other surveys and programs is available on our Web site at www.bls.gov/ro3/.

Technical Note

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) and per 500 kWh are published. For utility (piped) gas, average prices per therm, per 40 therms, and per 100 therms 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.

Price quotes for 40 therms and 100 therms of utility (piped) gas and for 500 kWh of electricity are collected in sample outlets for use in the average price programs only. Since they are for specified consumption amounts, they are not used in the CPI. All other price quotes used for average price estimation are regular CPI data.

With the exception of the 40 therms, 100 therms, and 500 kWh price quotes, 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.

Table 1. Average prices for utility (piped) gas, gasoline, and electricity, United States and the Washington-Baltimore area, February 2011-February 2012, not seasonally adjusted
Year and Month Utility (piped) gas per therm Gasoline per gallon Electricity per kWh
United States Washington-Baltimore United States Washington-Baltimore United States Washington-Baltimore
2011

February

$1.095 $1.164 $3.215 $3.176 $0.125 $0.128

March

1.077 1.160 3.594 3.579 0.127 0.128

April

1.078 1.135 3.863 3.853 0.127 0.130

May

1.068 1.139 3.982 4.035 0.129 0.130

June

1.077 1.157 3.753 3.801 0.134 0.133

July

1.078 1.180 3.703 3.694 0.135 0.135

August

1.079 1.219 3.680 3.704 0.135 0.133

September

1.063 1.123 3.664 3.598 0.135 0.133

October

1.047 1.122 3.521 3.466 0.130 0.126

November

1.044 1.136 3.475 3.441 0.128 0.122

December

1.034 1.188 3.329 3.311 0.127 0.123
2012

January

1.021 1.187 3.447 3.445 0.128 0.123

February

0.986 1.157 3.622 3.647 0.128 0.124

Last Modified Date: April 3, 2012