Average Price: Utility (Piped) Gas - 40 Therms in Los Angeles-Riverside-Orange County, CA (CBSA)
This dataset tracks average price: utility (piped) gas - 40 therms in los angeles-riverside-orange county, ca (cbsa) over time.
Latest Value
51.86
Year-over-Year Change
20.58%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm purchase in the Los Angeles-Riverside-Orange County, CA metropolitan area. It is a key indicator of energy costs and household budgets.
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 Los Angeles-Riverside-Orange County, CA (CBSA) metric tracks the average cost paid by consumers for 40 therms of natural gas delivered through utility pipelines in this major California metropolitan region. This data point is closely watched by economists, policymakers, and consumers to assess changes in household energy expenses.
Methodology
The data is collected through surveys of local gas utility providers.
Historical Context
This trend is used to inform energy policy, consumer price indices, and household budget analysis.
Key Facts
- Gas prices in Los Angeles are typically higher than the national average.
- Household natural gas costs make up a significant portion of monthly budgets.
- This metric has shown volatility in recent years due to global energy market fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for 40 therms of utility (piped) natural gas in the Los Angeles metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched as an indicator of household energy costs and consumer price trends in a major U.S. metropolitan region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local natural gas utility providers in the Los Angeles-Riverside-Orange County area.
Q: How is this trend used in economic policy?
A: This metric informs energy policy, consumer price indices, and analysis of household budgets and spending patterns.
Q: Are there update delays or limitations?
A: The data is published 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 Los Angeles-Riverside-Orange County, CA (CBSA) (APUA42172601), retrieved from FRED.