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

Gasoline prices averaged $4.600 a gallon in the Los Angeles-Long Beach-Anaheim area in October 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Chris Rosenlund noted that area gasoline prices were lower than last October when they averaged $5.789 per gallon. Los Angeles area households paid an average of 28.6 cents per kilowatt hour (kWh) of electricity in October 2024, similar to the 28.7 cents price per kWh paid in October 2023. The average cost of utility (piped) gas at $1.700 per therm in October was similar to the $1.699 per therm spent last year. (Data in this release are not seasonally adjusted; accordingly, over-the-year-analysis is used throughout.)

At $4.600 a gallon, Los Angeles area consumers paid 34.8 percent more than the $3.412 national average in October 2024. A year earlier, consumers in the Los Angeles area paid 48.1 percent more than the national average for a gallon of gasoline. The local price of a gallon of gasoline has ranged from 30.1 percent to 48.1 percent above the national average in the month of October during the past five years. (See chart 1.)

The 28.6 cents per kWh Los Angeles households paid for electricity in October 2024 was 61.6 percent more than the nationwide average of 17.7 cents per kWh. Last October, electricity costs were 69.8 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 54.1 percent or more in the month of October. (See chart 2.)

Prices paid by Los Angeles area consumers for utility (piped) gas, commonly referred to as natural gas, were $1.700 per therm, 19.5 percent more than the national average in October 2024 ($1.422 per therm). A year earlier, area consumers paid 22.4 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 October has varied between 14.0 percent and 38.5 percent above the U.S. average. (See chart 3.)

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

The Consumer Price Index for November 2024 is scheduled to be released on Wednesday, December 11, 2024, at 8:30 a.m. (ET).

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, October 2023-October 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
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
September	3.478	4.626	0.178	0.282	1.399	1.625
October	3.412	4.600	0.177	0.286	1.422	1.700

Public link

Please use the above public link if you want to share this noodl on another website.