07/19/2024

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California Energy Price Data for November 2023

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Below are the monthly updates from the most current November 2023 fuel price data (GasBuddy.com) and September 2023 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.

Overall, California’s energy price rankings were unchanged, remaining at or near the highest among the contiguous states. Average commercial electricity, gasoline, and diesel prices were again the highest, and industrial electricity the second highest.

Energy Price (12-month moving average; fuels monthly) Rank Among Contiguous States
Current Month Previous Month
Residential Electricity Rate 4th 4th
Average Residential Electricity Bill 18th 18th
Commercial Electricity Rate 1st 1st
Industrial Electricity Rate 2nd 2nd
Residential Natural Gas Rate 7th 7th
Commercial Natural Gas Rate 5th 5th
Industrial Natural Gas Rate 5th 5th
Gasoline 1st 1st
Diesel 1st 1st

Inflation Remains Level

3.6%
Annual Increase in
California CPI

For the 12 months ending September, the California CPI rose 3.6%, unchanged from August. In the same period, the US CPI rose 3.7%, also unchanged from August.

California vs. Rest of US Fuel Price Gap at 56.4% Premium

$1.79
Price Per Gallon
Above US Average
(CA Average)

The November average price per gallon of regular gasoline in California eased 52 cents from October to $4.97. The California premium above the average for the US other than California ($3.18) eased to $1.79, a 56.4% difference.

1st
Ranked by
Price

In November, California had the highest gasoline price among the contiguous states and DC. Californians paid $2.19 a gallon more than consumers in Texas, the state with the lowest price.

California vs. Rest of US Diesel Price

$1.73
Price Per Gallon
Above US
Average
(CA Average)

The November average price per gallon of diesel in California eased 35 cents from October to $5.90. The California premium above the average for the US other than California ($4.17) eased to $1.73, a 41.5% 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

$1.98
Price per Gallon
above US
Average (Central
Coast Region)

The cost premium above the US (other than California) average price for regular gasoline ranged from $1.63 in the Sacramento Region (average November price of $4.81), to $1.98 in Central Coast Region (average November price of $5.16).

Highest/Lowest Fuel Prices by Legislative District:

November 2023: Average Price ($ per gallon) of Regular Gasoline
Highest Lowest
CD30 Schiff (D) CD35 Torres (D) $4.79
CD32 Sherman (D) CD33 Aguilar (D) $4.78
CD50 Peters (D) CD01 LaMalfa (R) $4.73
CD29 Cárdenas (D) CD06 Bera (D) $4.70
CD36 Lieu (D) CD09 Harder (D) $4.64
<br /> <br /> <br />
SD24 Allen (D) SD34 Umberg (D) $4.84
SD39 Atkins (D) SD29 Newman (D) $4.80
SD26 Durazo (D) SD08 Ashby (D) $4.76
SD27 Stern (D) SD06 Niello (R) $4.71
SD25 Portantino (D) SD05 Eggman (D) $4.65
<br /> <br /> <br />
AD51 Zbur (D) AD09 Flora (R) $4.73
AD44 Friedman (D) AD22 Alanis (R) $4.71
AD77 Boerner Horvath (D) AD07 Hoover (R) $4.66
AD42 Irwin (D) AD03 Gallagher (R) $4.66
AD13 Villapudua (D) $4.56

California Residential Electricity Price

86.9%
Above Average
for Rest of US

California average Residential Price for the 12 months ended September 2023 was 28.20 cents/kWh, 86.9% higher than the US average of 15.09 cents/kWh for all states other than California. California’s residential prices were the 4th highest among the contiguous states and DC.

California Residential Electric Bill

18th
Ranked by Cost

For the 12 months ended September 2023, the average annual Residential electricity bill in California was $1,692, or 70.2% higher ($698) 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 20.4% ($279).

In 2010, California had the 9th lowest residential electricity bill among the contiguous states and DC. In the latest data, it had the 18th 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.

$11.0b
Premium Above
US Average Price

For the 12 months ended September 2023, California’s higher electricity prices translated into Residential ratepayers paying $11.0 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 $14.7 billion more.

California Commercial Electricity Price

100.3%
Above Average
for Rest of US

California average Commercial Price for the 12 months ended September 2023 was 23.59 cents/kWh, 100.3% higher than the US average of 11.78 cents/kWh for all states other than California. California’s commercial prices were the highest among the contiguous states and DC.

California Industrial Electricity Price

137.2%
Above Average
for Rest of US

California average Industrial Price for the 12 months ended September 2023 was 18.48 cents/kWh, 137.2% higher than the US average of 7.79 cents/kWh for all states other than California. California’s industrial prices were the 2nd highest among the contiguous states and DC.

$17.8b
Premium Above
US Average Price

For the 12 months ended September 2023, California’s higher electricity prices translated into Commercial & Industrial ratepayers paying $17.8 billion more than ratepayers elsewhere in the US using the same amount of energy. Compared to the lowest rate states, Commercial & Industrial ratepayers paid $22.7 billion more.

California Natural Gas Prices

Average prices ($ per thousand cubic feet; 12-month moving average) for the 12 months ended September 2023 and changes from the previous 12-month period for each end user:

Residential Commercial Industrial
CA, September 2023 $19.90 $15.59 $12.80
CA, September 2022 $19.22 $15.27 $12.94
Change 3.5% 2.1% -1.1%
<br /> <br /> <br />
Rest of US, September 2023 $12.72 $9.49 $4.08
Rest of US, September 2022 $13.70 $10.57 $7.07
Change -7.2% -10.2% -42.3%
<br /> <br /> <br />
CA premium over Rest of US, September 2023 56.4% 64.3% 213.7%
CA premium over Rest of US, September 2022 40.3% 44.5% 83.0%