Average Price: Utility (Piped) Gas - 100 Therms in U.S. City Average
This dataset tracks average price: utility (piped) gas - 100 therms in u.s. city average over time.
Latest Value
103.62
Year-over-Year Change
11.83%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of 100 therms of utility (piped) gas for U.S. city average households. It is a key indicator of household energy costs and a factor in broader measures of consumer prices.
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 - 100 Therms in U.S. City Average data series tracks the typical cost of a 100-therm gas utility bill for residential consumers across the United States. This metric is used by economists and policymakers to assess household energy affordability and monitor changes in the cost of living.
Methodology
The data is collected through a monthly survey of utilities by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insight into consumer energy expenditures, which are an important component of monetary policy and household budgets.
Key Facts
- 100 therms is a standard residential gas unit.
- Gas prices impact household budgets and broader inflation.
- This data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that U.S. households pay for 100 therms of utility (piped) natural gas, providing insight into residential energy costs.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding household energy affordability and monitoring changes in the cost of living, which are key factors in economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of utilities by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend provides insight into consumer energy expenditures, which are an important component of monetary policy and household budgets.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant delays, providing timely information on residential gas prices.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in U.S. City Average (APU000072611), retrieved from FRED.