Average Price: Utility (Piped) Gas - 40 Therms in Kansas City, MO-KS (CBSA)
APUA21472601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.88
Year-over-Year Change
3.36%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average retail price of utility (piped) natural gas for a 40-therm usage level in the Kansas City, MO-KS metropolitan area. It provides insights into regional energy costs and consumer purchasing power.
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 Kansas City, MO-KS (CBSA) series tracks the residential price of natural gas in the Kansas City area. This metric is widely used by policymakers, utilities, and consumers to understand regional energy market dynamics and household energy expenditures.
Methodology
The data is collected through surveys of utility companies by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for understanding cost-of-living adjustments, energy policy, and consumer spending patterns in the Kansas City metropolitan area.
Key Facts
- The average price reached a high of $23.42 per 40 therms in January 2023.
- Prices have risen 18% over the past year due to global energy market factors.
- Natural gas is the predominant home heating fuel in the Kansas City area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of utility (piped) natural gas for a 40-therm usage level in the Kansas City, MO-KS metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional energy costs and consumer purchasing power, which is important for understanding cost-of-living adjustments, energy policy, and consumer spending patterns in the Kansas City region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, utilities, and consumers to understand regional energy market dynamics and household energy expenditures.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Kansas City, MO-KS (CBSA) (APUA21472601), retrieved from FRED.