Average Price: Utility (Piped) Gas - 100 Therms in the Midwest Census Region - Urban
APU020072611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.86
Year-over-Year Change
15.68%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for 100 therms in the Midwest Census Region's urban areas. It provides valuable insights into regional energy costs and consumption patterns.
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 the Midwest Census Region - Urban metric tracks the typical price paid by consumers for a standardized unit of natural gas in urban Midwest markets. This data point is widely used by economists, policymakers, and energy analysts to monitor energy price trends and their potential impact on household budgets and business operations.
Methodology
The data is collected through surveys of utility companies and retailers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts utilize this trend to assess the affordability of home heating and the competitiveness of regional energy markets.
Key Facts
- The Midwest is the second-largest consumer of natural gas in the U.S.
- Natural gas accounts for over 50% of home heating in the Midwest region.
- Prices can vary significantly by season and year due to supply, demand, and weather factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for 100 therms of utility (piped) natural gas in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into regional energy costs and consumption patterns, which are crucial for understanding household budgets, business operations, and policymaking in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts utilize this trend to assess the affordability of home heating and the competitiveness of regional energy markets in the Midwest.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in availability due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in the Midwest Census Region - Urban (APU020072611), retrieved from FRED.