Average Price: Utility (Piped) Gas - 40 Therms in City - Size Class B
This dataset tracks average price: utility (piped) gas - 40 therms in city - size class b over time.
Latest Value
33.60
Year-over-Year Change
4.11%
Date Range
1/1/1987 - 12/1/1997
Summary
This economic trend measures the average price of 40 therms of utility (piped) gas in city-size class B. It provides insights into the cost of a critical household energy source.
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 City - Size Class B trend represents the typical price paid by consumers for a standard residential gas utility package in medium-sized cities. This data point is closely monitored by economists and policymakers to assess energy affordability and inflationary pressures.
Methodology
The data is collected through surveys of utility providers and end-user transactions.
Historical Context
Trends in residential gas prices are closely watched for their impacts on household budgets and broader macroeconomic conditions.
Key Facts
- Gas is a major household expense, accounting for over 20% of utility bills on average.
- Prices can vary significantly by region and city size class.
- Trends in gas prices feed into the broader Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that consumers in medium-sized cities pay for a 40-therm package of utility (piped) gas.
Q: Why is this trend relevant for users or analysts?
A: Residential gas prices are a key input for understanding consumer spending patterns, energy affordability, and broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers and end-user transactions.
Q: How is this trend used in economic policy?
A: Trends in residential gas prices are closely watched by policymakers and economists for their impacts on household budgets and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be lags or regional variations in reporting that users should be aware of.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in City - Size Class B (APUB00072601), retrieved from FRED.