From Center for Jobs and the Economy <[email protected]>
Subject California Energy Price Data for February 2020
Date March 5, 2020 10:30 PM
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Web Version [link removed] | Update Preferences [link removed] [link removed] California Energy Price Data

for February 2020

Below are the monthly updates from the most current February 2020 fuel price data (GasBuddy.com) and December 2019 electricity and natural gas price data (US Energy Information Agency). To view additional data and analysis related to the California economy visit our website at [[link removed]].

California vs. US Fuel Price Gap at 47.9% Premium $1.13 Price Per Gallon

Above US Average

(CA Average)

The February average price per gallon of regular gasoline in California eased 3 cents from January to $3.50. As prices dropped more steeply in the rest of the nation, the California premium above the average for the US other than California ($2.36) rose to $1.13, a 47.9% difference.

2nd Ranked by Price

In February, California had the 2nd highest gasoline price among the states and DC, behind only Hawaii. Californians paid $1.39 a gallon more than consumers in Texas, the state with the lowest price.

California vs. US Diesel Price $1.05 Price Per Gallon

Above US Average

(CA Average)

The February average price per gallon of diesel in California eased 7 cents from January to $3.86. As diesel prices also dropped more steeply in the rest of the nation, the California premium above the average for the US other than California ($2.81) rose to $1.05, a 37.3% difference.

2nd Ranked by price

In December, California had the 2nd highest diesel price among the states and DC, behind only Hawaii.

Range Between Highest and Lowest Prices by Region $1.28 Price Per Gallon

Above US Average

(Central Sierra Region)

The cost premium above the US (other than California) average price for regular gasoline ranged from $1.01 in the Sacramento Region (average February price of $3.37), to $1.28 in Central Sierra Region (average February price of $3.64).

Highest/Lowest Fuel Prices by Legislative District: California Residential Electricity Price 52.3% Above Average For

Rest of US

California average Residential Price for the 12 months ended December 2019 was 19.22 cents/kWh, 52.3% higher than the US average of 12.62 cents/kWh for all states other than California. California's residential prices remained the 7th highest in the nation.

California Residential Electric Bill 24.0% Growth Since 2010

For the 12 months ended December 2019, the average annual Residential electricity bill in California was $1,233, or 24.0% higher ($239) than the comparable bill in 2010 (the year the AB 32 implementation began with the Early Action items). In this same period, the average US (less CA) electricity bill for all the other states grew only 2.4% ($33).

Residential bills, however, vary widely by region, with the estimated annual household usage in 2018 as much as 59% higher in the interior regions compared to the milder climate coastal areas.

$5.8b Premium Above

US Average Price

For the 12 months ended December 2019, California's higher electricity prices translated into Residential ratepayers paying $5.8 billion more than the average ratepayers elsewhere in the US using the same amount of energy.

California Commercial Electricity Price 66.9% Enemployment in Colusa

California average Commercial Price for the 12 months ended December 2019 was 16.87 cents/kWh, 66.9% higher than the US average of 10.11 cents/kWh for all states other than California. California's commercial prices dipped to the 4th highest in the nation.

California Industrial Electricity Price 108.6% Above Average for

Rest of US

California average Industrial Price for the 12 months ended December 2019 was 13.52 cents/kWh, 108.6% higher than the US average of 6.48 cents/kWh for all states other than California. California's industrial prices remained the 6th highest in the nation.

$10.9b Premium Above

US Average Price

For the 12 months ended December 2019, California's higher electricity prices translated into Commercial & Industrial ratepayers paying $10.9 billion more than ratepayers elsewhere in the US using the same amount of energy.

California Natural Gas Prices

Average prices ($ per thousand cubic feet) for the 12 months ended December 2019 and changes from the previous 12-month period for each end user:

Note: All data sources, methodologies and historical data series available at [[link removed]]

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