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Posted June 13, 2024 Today in Energy ›

Typical residential electricity bills could be slightly higher this summer ›

This summer—June through August—we expect that residential customers’ monthly electricity bills will average $173 in the United States, slightly higher than last summer’s average of $168. We expect that more electricity consumption, resulting from our assumption that summer temperatures will be warmer this year, will be partially offset by lower residential electricity prices in most areas of the country. More

monthly U.S. average residential electricity metrics

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), June 2024

Data Highlights

WTI crude oil futures price

6/12/2024: NA/barrel

NA from week earlier
NA from year earlier

Natural gas futures price

6/12/2024: NA/MMBtu

NA from week earlier
NA from year earlier

Weekly coal production

6/8/2024: 9.209 million tons

up0.504 million tons from week earlier
down2.035 million tons from year earlier

Natural gas inventories

6/7/2024: 2,974 Bcf

up74 Bcf from week earlier
up364 Bcf from year earlier

Crude oil inventories

6/7/2024: 459.7 million barrels

up3.7 million barrels from week earlier
down7.5 million barrels from year earlier