Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Size Class B
APUB40072601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.21
Year-over-Year Change
18.90%
Date Range
11/1/1978 - 12/1/1988
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm consumption level in the West Census Region, focusing on Size Class B. It provides insights into energy costs and consumption patterns for households and businesses in this geographic area.
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 the West Census Region - Size Class B trend tracks the typical price paid for natural gas by residential and small commercial consumers in the western United States. This metric is closely monitored by policymakers and analysts to understand energy affordability and the impacts of market factors on household and business expenditures.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of utility companies.
Historical Context
This trend informs energy and economic policy decisions, as well as market analysis of regional natural gas prices.
Key Facts
- The West Census Region includes 13 states, from Washington to New Mexico.
- Size Class B refers to residential and small commercial consumers.
- Natural gas is a major heating and energy source for many households and businesses in the West.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid for 40 therms of utility (piped) gas by residential and small commercial consumers in the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy affordability and the impacts of market factors on household and business expenditures in the western United States.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of utility companies.
Q: How is this trend used in economic policy?
A: This trend informs energy and economic policy decisions, as well as market analysis of regional natural gas prices.
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 the West Census Region - Size Class B (APUB40072601), retrieved from FRED.