Average Price: Utility (Piped) Gas - 100 Therms in the West Census Region - Size Class B
APUB40072611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.34
Year-over-Year Change
8.02%
Date Range
11/1/1978 - 12/1/1988
Summary
This economic trend measures the average price of 100 therms of utility (piped) gas in the West Census Region for size class B consumers. It provides insights into regional energy costs and consumer behavior.
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 - 100 Therms in the West Census Region - Size Class B series tracks the average price paid by medium-sized residential and commercial consumers for a standard unit of natural gas in the western United States. This metric is used by policymakers, analysts, and researchers to assess regional energy market dynamics and consumer demand.
Methodology
The data is collected through surveys of gas utility companies by the U.S. Energy Information Administration.
Historical Context
This trend is relevant for understanding regional variations in energy costs and their impact on consumer and business activity.
Key Facts
- The West Census Region includes 13 states, from Montana to California.
- Size class B refers to medium-sized residential and commercial consumers.
- Natural gas prices can significantly impact household and business budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by medium-sized residential and commercial consumers for 100 therms of utility (piped) natural gas in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional energy costs and consumer behavior, which is important for policymakers, analysts, and researchers studying energy markets and their economic impacts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand regional variations in energy costs and their influence on consumer and business activity.
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 - 100 Therms in the West Census Region - Size Class B (APUB40072611), retrieved from FRED.