Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Urban
APU040072601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.81
Year-over-Year Change
4.19%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend tracks the average price of utility (piped) gas for 40 therms in the West Census Region of the United States. It provides insight into residential energy costs and consumer spending patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Urban series measures the typical cost of natural gas for residential consumers in this geographic area. It is a key indicator of living expenses and can inform policymakers and analysts about regional energy market dynamics.
Methodology
The data is collected through a monthly survey of utility companies and retailers.
Historical Context
This trend is closely watched by economists, policymakers, and consumers to understand regional energy price fluctuations and their impact on household budgets.
Key Facts
- The West Census Region includes 13 states, from Montana to California.
- Natural gas accounts for over 50% of residential energy consumption in the West.
- Prices can vary significantly by season due to heating and cooling demand.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average price of 40 therms of utility (piped) gas for residential consumers in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The average price of utility gas is a key indicator of living expenses and consumer spending patterns in the West, which can inform policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of utility companies and retailers by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and consumers to understand regional energy price fluctuations and their impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Urban (APU040072601), retrieved from FRED.