Average Price: Utility (Piped) Gas per Therm in the East North Central Census Division
APU023072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.17
Year-over-Year Change
7.23%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the East North Central Census Division of the United States. It provides valuable insights into regional energy costs and consumer price dynamics.
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 East North Central Census Division tracks the average price paid by consumers for natural gas delivered through pipelines across this Midwest region. This data series is a key indicator of energy affordability and can inform policy decisions and market analyses.
Methodology
The data is collected through surveys of utility companies and end-users by the U.S. Energy Information Administration.
Historical Context
This economic trend is closely monitored by policymakers, energy analysts, and households to understand regional energy price dynamics and cost-of-living pressures.
Key Facts
- The East North Central Census Division includes Illinois, Indiana, Michigan, Ohio, and Wisconsin.
- Natural gas is a major heating fuel for households in this Midwest region.
- Prices can fluctuate seasonally and with changes in global energy markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for utility (piped) natural gas per therm in the East North Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy affordability and cost-of-living dynamics, which are closely monitored by policymakers, energy analysts, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and end-users by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand regional energy price dynamics and inform decisions related to energy policy, consumer welfare, and cost-of-living measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. There may be some variation in reporting by individual utility companies.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the East North Central Census Division (APU023072620), retrieved from FRED.