Average Price: Utility (Piped) Gas per Therm in the West North Central Census Division
This dataset tracks average price: utility (piped) gas per therm in the west north central census division over time.
Latest Value
1.30
Year-over-Year Change
10.14%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the West North Central Census Division of the United States. This metric is a key indicator of energy costs and prices within this specific region.
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 of utility (piped) gas per therm in the West North Central Census Division provides insights into the costs of a major household and industrial energy source. This regional data point is useful for analyzing trends in energy prices, consumer spending, and the cost of living in the Midwest.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of utility companies and consumers.
Historical Context
This economic indicator is closely monitored by policymakers, energy analysts, and economists to assess regional energy market conditions.
Key Facts
- The West North Central Census Division includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.
- Natural gas is a major heating and industrial fuel source in this Midwestern region.
- Utility gas prices can impact household budgets and business operating costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of utility (piped) gas per therm in the West North Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional gas price metric is important for understanding energy costs, consumer spending, and the cost of living in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of utility companies and consumers.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers, energy analysts, and economists to assess regional energy market conditions.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal update delays, providing timely insights into Midwest energy prices.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the West North Central Census Division (APU024072620), retrieved from FRED.