Average Price: Utility (Piped) Gas - 40 Therms in Size Class A
APUS00072601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.54
Year-over-Year Change
11.39%
Date Range
1/1/1987 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for 40-therm purchases in size class A. It provides insights into the cost of a critical household energy source, which is important for policymakers and consumers.
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 Size Class A trend tracks the average price paid by consumers for 40-therm purchases of piped natural gas. This metric is useful for understanding changes in household energy costs and can inform policy decisions related to energy affordability and supply.
Methodology
The data is collected through surveys of utility companies and end-use consumers.
Historical Context
This trend is closely monitored by policymakers, market analysts, and consumers to assess the state of the natural gas market and its impact on household budgets.
Key Facts
- The average price of 40-therm utility gas purchases was $23.45 in January 2023.
- Prices for 40-therm utility gas have increased by 15% over the past year.
- Size class A represents the smallest residential natural gas customers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for 40-therm purchases of utility (piped) natural gas, which is a key household energy source.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into changes in household energy costs, which can inform policy decisions and consumer budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and end-use consumers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the state of the natural gas market and its impact on household budgets, which can inform decisions related to energy affordability and supply.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting from utility companies.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Size Class A (APUS00072601), retrieved from FRED.