Thursday, August 18, 2022
Gasoline prices averaged $4.734 per gallon in the Detroit-Warren-Dearborn area in July 2022, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that area gasoline prices were up $1.406 compared to July 2021 when they averaged $3.328 per gallon. Detroit area households paid an average of 18.9 cents per kilowatt-hour (kWh) of electricity in July 2022, more than the 18.3 cents per kilowatt-hour paid in July 2021. In July, the average cost of utility (piped) gas was $1.429 per therm, up from its average price of 98.1 cents per therm a year earlier. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
The $4.734 per gallon Detroit households paid for gasoline in July 2022 was less than the nationwide average of $4.768. In the previous four years in July (2018-2021), gasoline prices in the Detroit area ranged from 8.2 cents more to 2.1 cents less than the national average. (See chart 1.)
The 18.9 cents per kWh that Detroit households paid for electricity in July 2022 was 13.9 percent more than the national average cost of 16.6 cents per kWh. In the past four years in July (2018-2021), average electricity costs in the Detroit area exceeded the national average by as much as 28.0 percent more. (See chart 2.)
Prices paid by Detroit area households for utility (piped) gas, commonly referred to as natural gas, were $1.429 per therm in July 2022, 12.3 percent less than the national average of $1.629 per therm. In the previous four years (2018-2021) in July, Detroit area utility (piped) gas costs were lower than the national average, ranging from 16.1 percent to 21.0 percent less. (See chart 3.)
The Detroit-Warren-Dearborn, MI, core based statistical area covered in this release is comprised 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.
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|
Note: Dash (–) indicates no data available.
Last Modified Date: Thursday, August 18, 2022