Average Price: Utility (Piped) Gas - 40 Therms in Buffalo-Niagara Falls, NY (CBSA)
APUA10572601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.60
Year-over-Year Change
-4.04%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm purchase in the Buffalo-Niagara Falls, NY metropolitan area. It provides insight into energy costs and consumer spending patterns 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 - 40 Therms in Buffalo-Niagara Falls, NY (CBSA) trend tracks the retail price consumers pay for a 40-therm purchase of piped natural gas. This data point is used by economists and policymakers to analyze household energy expenditures and the broader cost of living in this metropolitan area.
Methodology
The data is collected through a monthly survey of utility providers in the Buffalo-Niagara Falls region.
Historical Context
This price trend is relevant for assessing the impact of energy costs on consumer budgets and regional economic conditions.
Key Facts
- Gas prices in Buffalo-Niagara Falls are above the national average.
- Residential gas usage peaks during the winter heating season.
- Energy costs account for a significant portion of household budgets in this region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price consumers pay for a 40-therm purchase of utility (piped) natural gas in the Buffalo-Niagara Falls, NY metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding household energy expenditures and the cost of living in the Buffalo-Niagara Falls region, which can inform economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of utility providers in the Buffalo-Niagara Falls metropolitan area.
Q: How is this trend used in economic policy?
A: This price trend is used by economists and policymakers to assess the impact of energy costs on consumer budgets and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a short lag time. There may be limited coverage or sampling issues for certain geographic areas or utility providers.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Buffalo-Niagara Falls, NY (CBSA) (APUA10572601), retrieved from FRED.