Average Price: Utility (Piped) Gas per Therm in the Midwest Census Region - Urban
This dataset tracks average price: utility (piped) gas per therm in the midwest census region - urban over time.
Latest Value
1.32
Year-over-Year Change
19.29%
Date Range
11/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Midwest Census Region for urban areas. It is a key indicator of energy costs and consumer spending patterns in the Midwest.
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 - Urban trend tracks the average retail price paid by consumers for natural gas delivered through pipelines in urban areas of the Midwest. This metric is closely watched by policymakers and analysts to understand regional energy price dynamics and their impact on household budgets.
Methodology
The data is collected through surveys of utility companies and retailers by the U.S. Energy Information Administration.
Historical Context
This trend provides insight into market conditions and consumer behavior that can inform economic and energy policy decisions.
Key Facts
- The Midwest accounts for over 20% of U.S. natural gas consumption.
- Natural gas is the primary heating fuel for over 50% of Midwest households.
- Utility gas prices can significantly impact consumer budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for natural gas delivered through pipelines in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into regional energy price dynamics and their impact on household budgets, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend informs economic and energy policy decisions by providing insights into market conditions and consumer behavior in the Midwest region.
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 per Therm in the Midwest Census Region - Urban (APU020072620), retrieved from FRED.