Average Energy Prices, Los Angeles Long Beach Anaheim – August 2024

Gasoline prices averaged $4.616 a gallon in the Los Angeles-Long Beach-Anaheim area in August 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Chris Rosenlund noted that area gasoline prices were lower than last August when they averaged $5.299 per gallon. Los Angeles area households paid an average of 28.2 cents per kilowatt hour (kWh) of electricity in August 2024, similar to the 28.0 cents price per kWh paid in August 2023. The average cost of utility (piped) gas at $1.630 per therm in August was lower than the $1.909 per therm spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $4.616 a gallon, Los Angeles area consumers paid 26.5 percent more than the $3.648 national average in August 2024. A year earlier, consumers in the Los Angeles area paid 30.4 percent more than the national average for a gallon of gasoline. The local price of a gallon of gasoline has ranged from 26.5 percent to 40.6 percent above the national average in the month of August during the past five years. (See chart 1.)

The 28.2 cents per kWh Los Angeles households paid for electricity in August 2024 was 59.3 percent more than the nationwide average of 17.7 cents per kWh. Last August, electricity costs were 64.7 percent higher in Los Angeles compared to the nation. In the past five years, prices paid by Los Angeles area consumers for electricity exceeded the U.S. average by 46.0 percent or more in the month of August. (See chart 2.)

Prices paid by Los Angeles area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.630 per therm, 16.3 percent more than the national average in August 2024 ($1.401 per therm). A year earlier, area consumers paid 36.2 percent more per therm for natural gas compared to the nation. In the Los Angeles area over the past five years, the per therm cost for natural gas in August has varied between 16.3 percent and 42.2 percent above the U.S. average. (See chart 3.)

The Los Angeles-Long Beach-Anaheim, Calif. metropolitan area consists of Los Angeles and Orange Counties in California.

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 Los Angeles-Long Beach-Anaheim, CA, August 2023-August 2024, not seasonally adjusted

Year and month	Gasoline per gallon	Electricity per kWh	Utility (piped) gas per therm
United States	Los Angeles area	United States	Los Angeles area	United States	Los Angeles area
2023
August	$4.064	$5.299	$0.170	$0.280	$1.402	$1.909
September	4.107	5.830	0.171	0.280	1.377	1.806
October	3.910	5.789	0.169	0.287	1.388	1.699
November	3.623	5.156	0.168	0.287	1.442	1.827
December	3.411	4.814	0.169	0.288	1.429	1.604
2024
January	3.353	4.676	0.173	0.285	1.452	1.630
February	3.486	4.820	0.173	0.285	1.465	1.679
March	3.707	5.036	0.174	0.291	1.429	1.688
April	3.907	5.398	0.173	0.287	1.375	1.434
May	3.885	5.246	0.175	0.286	1.369	1.559
June	3.729	4.890	0.178	0.277	1.407	1.574
July	3.747	4.744	0.178	0.282	1.408	1.628
August	3.648	4.616	0.177	0.282	1.401	1.630

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