Average Price: Utility (Piped) Gas per Therm in the Mountain Census Division
APU048072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-24.75%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Mountain Census Division. It provides valuable insights into 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 Mountain Census Division tracks the average price paid by consumers for natural gas delivered through pipelines across Montana, Idaho, Wyoming, Colorado, Utah, and Nevada. This metric is crucial for understanding energy affordability and the impact of price fluctuations on household budgets.
Methodology
The data is collected through surveys of utility companies and end-users in the Mountain Census Division.
Historical Context
Policymakers and energy analysts use this trend to assess the state of the natural gas market and its effects on regional economies.
Key Facts
- The Mountain Census Division includes Montana, Idaho, Wyoming, Colorado, Utah, and Nevada.
- Natural gas is a major energy source for heating and electricity generation in the region.
- Prices can fluctuate due to factors like supply, demand, and transportation costs.
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 Mountain Census Division.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy affordability and the impact of natural gas prices on household budgets and regional economies in the Mountain Census Division.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and end-users in the Mountain Census Division.
Q: How is this trend used in economic policy?
A: Policymakers and energy analysts use this trend to assess the state of the natural gas market and its effects on regional economies in the Mountain Census Division.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the Mountain Census Division (APU048072620), retrieved from FRED.