Thursday, June 15, 2023
Gasoline prices averaged $3.540 per gallon in the Detroit-Warren-Dearborn area in May 2023, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that area gasoline prices were down 96.1 cents compared to May 2022, when they averaged $4.501 per gallon. Detroit area households paid an average of 19.2 cents per kilowatt-hour (kWh) of electricity in May 2023, more than the 18.0 cents per kilowatt-hour paid in May 2022. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)
The $3.540 per gallon Detroit households paid for gasoline in May 2023 was 25.4 cents less than the nationwide average of $3.794. Over the past five years in May, gasoline prices in the Detroit area have ranged from $1.800 to $4.501 per gallon. (See chart 1.)
Detroit households paid 19.2 cents per kWh for electricity in May 2023, 16.4 percent more than the national average cost of 16.5 cents per kWh. Over the past five Mays, average electricity costs in the Detroit area were higher than the national average, ranging from 11.0 percent to 28.4 percent more. (See chart 2.)
TheDetroit-Warren-Dearborn, MI Core Based Statistical Area consists 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.
The Consumer Price Index for June 2023 is scheduled to be released on Wednesday, July 12, 2023.
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, June 15, 2023