Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Size Class C
APUC40072601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.82
Year-over-Year Change
13.05%
Date Range
11/1/1978 - 12/1/1997
Summary
The 'Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Size Class C' trend measures the average price paid by residential consumers for 40 therms of piped natural gas in the Western United States. This metric is important for analyzing regional energy costs and consumer spending patterns.
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
This trend represents the average price per 40 therms of natural gas for residential customers in the West census region, which includes the states of Alaska, California, Hawaii, Oregon, and Washington. It is a key indicator of regional utility costs and consumer energy expenditures that informs policymakers and market analysts.
Methodology
The data is collected through surveys of natural gas utility companies and calculated as a regional average price per unit of consumption.
Historical Context
This metric is used to track residential natural gas price trends and evaluate the impact on consumer budgets and the broader economy.
Key Facts
- The West region accounts for over 20% of U.S. natural gas consumption.
- Residential natural gas prices have increased by 15% in the West over the past 5 years.
- Utility gas costs make up approximately 2.5% of the average household budget in the West.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by residential consumers for 40 therms of piped natural gas in the Western United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing regional energy costs and consumer spending patterns, which informs policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility companies and calculated as a regional average price per unit of consumption.
Q: How is this trend used in economic policy?
A: This metric is used to track residential natural gas price trends and evaluate the impact on consumer budgets and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704111
Average Price: Cookies, Chocolate Chip (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100702421
Global price of Fish
PSALMUSDA
Average Price: Milk, Fresh, Low-Fat, Reduced Fat, Skim (Cost per Gallon/3.8 Liters) in the Midwest Census Region - Urban
APU0200FJ1101
Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Detroit-Warren-Dearborn, MI (CBSA)
APUS23B74715
Average Price: Carrots, Short Trimmed and Topped (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712403
Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Size Class C (APUC40072601), retrieved from FRED.