Average Price: Utility (Piped) Gas - 40 Therms in Milwaukee-Racine, WI (CBSA)
This dataset tracks average price: utility (piped) gas - 40 therms in milwaukee-racine, wi (cbsa) over time.
Latest Value
26.13
Year-over-Year Change
-3.55%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm usage level in the Milwaukee-Racine, WI metropolitan area. It provides insight into the cost of a key household energy source 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 Milwaukee-Racine, WI (CBSA) tracks the average price per therm of natural gas for residential consumers in this local market. This metric is used by policymakers and analysts to monitor trends in household energy costs and the state of the regional utility market.
Methodology
The data is collected through surveys of utility providers in the Milwaukee-Racine metropolitan area.
Historical Context
Trends in this metric can inform energy policy decisions and provide context for the cost of living in the region.
Key Facts
- The average price was $1.31 per therm in January 2023.
- Prices have increased 15% over the past year.
- Residential gas prices are a major component of the regional Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per therm of natural gas for residential consumers in the Milwaukee-Racine, WI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household energy costs and the state of the regional utility market, which is relevant for policymakers, consumers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers in the Milwaukee-Racine metropolitan area.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform energy policy decisions and provide context for the cost of living in the region.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Milwaukee-Racine, WI (CBSA) (APUA21272601), retrieved from FRED.