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Posted September 11, 2024Retail electricity prices closely tracked inflation over the last 10 years ›
Note: Inflation adjustment uses the U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI).
The change in average residential electricity prices across the United States has generally mirrored the rate of inflation over the past decade, increasing by less than 1% in inflation-adjusted terms between 2013 and 2023. Without adjusting for inflation, the average retail price of electricity for the residential sector increased from a little more than 12 cents per kilowatthour (kWh) in 2013 to 16 cents per kWh in 2023.
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Data Highlights
- 9/9/2024
- Retail gasoline price
- $3.236
- /gallon
-
$0.053
from week earlier -
$0.586
from year earlier
- 9/9/2024
- Retail diesel price
- $3.555
- /gallon
-
$0.070
from week earlier -
$0.985
from year earlier
- 9/6/2024
- Crude oil inventories
- 419.1
-
0.8
from week earlier -
1.4
from year earlier
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