California Energy Price Data for November 2024

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.

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.

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.

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.

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.

In November, California had the highest diesel price among the contiguous states and DC.

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).

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

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.

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 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 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.

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.