Average Price: Utility (Piped) Gas - 40 Therms in Portland-Salem, OR-WA (CBSA)
APUA42572601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.73
Year-over-Year Change
-2.13%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend tracks the average price of utility (piped) gas for a 40-therm usage level in the Portland-Salem, OR-WA metropolitan area. It provides insights into the cost of a key household energy source for consumers and businesses.
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 Portland-Salem, OR-WA (CBSA) series measures the average retail price per therm of natural gas for residential consumers in the Portland-Salem metropolitan statistical area. This metric is used to analyze regional energy costs and household utility expenditures.
Methodology
The data is collected through surveys of natural gas utilities and suppliers.
Historical Context
This trend is relevant for understanding regional energy markets and consumer spending patterns.
Key Facts
- The average price of utility gas in Portland-Salem, OR-WA was $1.03 per therm in 2022.
- Natural gas accounts for over 60% of household energy use in the Portland-Salem region.
- Utility gas prices in Portland-Salem have increased by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price per therm of natural gas for residential consumers in the Portland-Salem, OR-WA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional energy costs and household utility expenditures, which are important for understanding consumer spending patterns and energy market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utilities and suppliers.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts examining regional energy markets, consumer spending, and 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 Portland-Salem, OR-WA (CBSA) (APUA42572601), retrieved from FRED.