Average Price: Utility (Piped) Gas per Therm in the Midwest Census Region - Size Class A
APUS20072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.16
Year-over-Year Change
8.12%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price per therm of utility (piped) gas in the Midwest Census Region for size class A. This metric is important for understanding regional energy costs and consumer price trends.
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 per Therm in the Midwest Census Region - Size Class A measures the average retail price paid by consumers for natural gas delivered through pipelines in the Midwest region. This data is used by economists and policymakers to analyze regional energy market dynamics and the impact on household budgets.
Methodology
The data is collected through surveys of natural gas utilities and distributors.
Historical Context
This price trend provides insight into the cost of a key household energy source and can inform policy decisions related to energy affordability.
Key Facts
- The Midwest region accounts for over 20% of U.S. natural gas consumption.
- Size class A refers to utilities serving over 500,000 customers.
- Prices vary seasonally, with higher costs during winter heating months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per therm of utility (piped) natural gas in the Midwest Census Region for size class A utilities, which serve over 500,000 customers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key household energy cost in the Midwest, which can inform consumer spending patterns, inflation analysis, and policy decisions related to energy affordability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utilities and distributors in the Midwest region.
Q: How is this trend used in economic policy?
A: This price trend is used by economists and policymakers to monitor regional energy market conditions and the impact on household budgets, which can inform policies related to energy affordability and consumer protections.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture all regional or local variations in natural gas pricing.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the Midwest Census Region - Size Class A (APUS20072620), retrieved from FRED.