Average Price: Utility (Piped) Gas per Therm in the East South Central Census Division
This dataset tracks average price: utility (piped) gas per therm in the east south central census division over time.
Latest Value
1.66
Year-over-Year Change
9.35%
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 South Central Census Division of the United States. It is an important indicator for understanding energy costs and consumer spending in this 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: Utility (Piped) Gas per Therm in the East South Central Census Division tracks the average retail price paid by consumers for natural gas delivered through pipelines in Alabama, Kentucky, Mississippi, and Tennessee. This data point is used by policymakers, analysts, and businesses to assess regional energy market conditions and consumer affordability.
Methodology
The data is collected through surveys of utility companies by the U.S. Energy Information Administration.
Historical Context
Trends in this metric can inform energy policy decisions and provide context for consumer spending patterns in the East South Central region.
Key Facts
- The East South Central region includes Alabama, Kentucky, Mississippi, and Tennessee.
- Natural gas is a major energy source for heating and electricity generation in this region.
- Prices can fluctuate seasonally due to changes in demand and supply.
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 the East South Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding energy costs and consumer spending patterns in the East South Central region, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Trends in this metric can provide context for consumer spending patterns and inform energy policy decisions in the East South Central region.
Q: Are there update delays or limitations?
A: The data is published monthly, with potential lags in reporting from utility companies.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the East South Central Census Division (APU036072620), retrieved from FRED.