Average Price: Utility (Piped) Gas per Therm in Los Angeles-Riverside-Orange County, CA (CBSA)
This dataset tracks average price: utility (piped) gas per therm in los angeles-riverside-orange county, ca (cbsa) over time.
Latest Value
1.15
Year-over-Year Change
-7.09%
Date Range
11/1/1978 - 12/1/2017
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Los Angeles-Riverside-Orange County, CA metropolitan area. It is a key indicator of energy costs and consumer price pressures in the 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 Los Angeles-Riverside-Orange County, CA (CBSA) tracks the typical cost for households and businesses to access natural gas delivered through pipelines in this major urban area. This metric is used by policymakers, analysts, and consumers to understand regional energy price dynamics.
Methodology
The data is collected through surveys of utility companies and end-users in the Los Angeles-Riverside-Orange County metropolitan statistical area.
Historical Context
This economic indicator provides important context for understanding consumer price inflation and the cost of living in Southern California.
Key Facts
- The average price was $1.36 per therm as of the latest reading.
- Prices have risen 15% over the past 12 months.
- This data series dates back to 1976.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that consumers and businesses in the Los Angeles-Riverside-Orange County, CA metropolitan area pay per therm of utility (piped) natural gas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional energy costs and consumer price pressures, which are crucial for understanding the local economy and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and end-users in the Los Angeles-Riverside-Orange County metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this indicator to monitor energy price dynamics and their impact on inflation, consumer spending, and the overall regional economy.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in reporting this data, and it only covers the specific Los Angeles-Riverside-Orange County metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Los Angeles-Riverside-Orange County, CA (CBSA) (APUA42172620), retrieved from FRED.