Web Version [link removed] | Update Preferences [link removed] [link removed] California Energy Price Data
November 2024
Below are the monthly updates from the most current November 2024 fuel price data (GasBuddy.com) and September 2024 electricity and natural gas price data (US Energy Information Administration). To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
California Average Monthly Electricity Bills Complete the Flip
California's surging electricity prices flipped the state's relative position in September. Based on a 12-month moving average, California's average monthly residential electricity bill was the 9th lowest among the contiguous states and DC in 2010 prior to the start of the state's current climate change and energy policies. In September, California became the 8th highest.
Inflation 2.5% Increase Since July 2023
For the 12 months ending September, the California CPI rose 2.5%, edging down from 2.7% in August. In the same period, the US CPI went to 2.4% in September from 2.5% in August.
California vs. Rest of US Fuel Price Gap at 50.8% Premium $1.50 Price Per Gallon Above Other States (CA Average)
The November average price per gallon of regular gasoline in California eased 17 cents from October to $4.46. The California regulatory and tax premium above the average for the US other than California ($2.96) eased to $1.50, a 50.8% difference.
1st Ranked by Price
In November, California had the highest gasoline price among the contiguous states and DC. Californians paid $1.91 a gallon more than consumers in Oklahoma, the state with the lowest price.
California Gasoline Taxes & Fees $1.42 Total Taxes & Fees per Gallon of Gasoline
In November, California Energy Commission data indicates that $1.42 (33.5%) of the price of a gallon of regular gasoline was paid to cover state, local, and federal taxes and fees.
California vs. Rest of US Diesel Price $1.44 Price Per Gallon Above Other States (CA Average)
The November average price per gallon of diesel in California eased 5 cents from October to $4.88. The California regulatory and tax premium above the average for the US other than California ($3.45) remained at $1.44, a 41.6% difference.
1st Ranked by Price
In November, California had the highest diesel price among the contiguous states and DC.
Range Between Highest and Lowest Prices by Region $1.76 Price per Gallon above Other States (Central Coast Region)
The cost premium above the US (other than California) average price for regular gasoline ranged from $1.40 in the Inland Empire Region (average November price of $4.36), to $1.76 in Central Coast Region (average November price of $4.72).
Highest/Lowest Fuel Prices by Legislative District: California Residential Electricity Price 105.6% Above Average for Rest of US
California average Residential Price for the 12 months ended September 2024 was 31.62 cents/kWh, 105.6% higher than the US average of 15.38 cents/kWh for all states other than California. California's residential prices again were the highest among the contiguous states and DC.
California Residential Electric Bill 8th Ranked by Cost
For the 12 months ended September 2024, the average annual Residential electricity bill in California was $1,896, or 90.7% higher ($902) 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 25.7% ($351).
In 2010, California had the 9th lowest residential electricity bill among the contiguous states and DC. In the latest data, it had the 8th highest.
Residential bills, however, vary widely by region. Transforming the 2022 data recently released by the Energy Commission, estimated annual household usage is as much as 82% higher in the interior regions compared to the milder climate coastal areas, and substantially higher when comparing across counties.
$13.8b Above Average for Rest of US
For the 12 months ended September 2024, California's higher electricity prices translated into Residential ratepayers paying $13.8 billion more than the average ratepayers elsewhere in the US using the same amount of energy. Compared to the lowest cost state, California households paid $17.2 billion more.
California Commercial Electricity Price 115.0% Above Average for Rest of US
California average Commercial Price for the 12 months ended September 2024 was 25.37 cents/kWh, 115.0% higher than the US average of 11.80 cents/kWh for all states other than California. California's commercial prices again were the highest among the contiguous states and DC.
California Industrial Electricity Price 179.3% Enemployment in Colusa
California average Industrial Price for the 12 months ended September 2024 was 21.20 cents/kWh, 179.3% higher than the US average of 7.59 cents/kWh for all states other than California. California's industrial prices were again were the highest among the contiguous states and DC.
$21.4b Above Average for Rest of US
For the 12 months ended September 2024, California's higher electricity prices translated into Commercial & Industrial ratepayers paying $21.4 billion more than ratepayers elsewhere in the US using the same amount of energy. Compared to the lowest rate states, Commercial & Industrial ratepayers paid $27.3 billion more.
California Natural Gas Prices
Average prices ($ per thousand cubic feet; 12-month moving average) for the 12 months ended September 2024 and changes from the previous 12-month period for each end user:
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