Average Price: Utility (Piped) Gas per Therm in the West Census Region - Size Class C
APUC40072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
13.88%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of utility (piped) gas per therm in the West Census Region for size class C, which includes smaller commercial and industrial consumers. It provides important insights into energy costs and regional price dynamics.
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 of utility (piped) gas per therm in the West Census Region for size class C represents the typical unit cost paid by smaller commercial and industrial natural gas consumers in this geographic area. This metric is used by policymakers, analysts, and businesses to monitor regional energy market conditions and price trends.
Methodology
The data is collected through surveys of natural gas distributors and calculated as a volume-weighted average price.
Historical Context
This economic indicator is relevant for understanding energy costs, inflation, and regional competitiveness for businesses in the West.
Key Facts
- Prices are reported per therm of natural gas.
- Size class C includes smaller commercial and industrial consumers.
- Data covers the West Census Region, which includes 13 states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of utility (piped) natural gas per therm paid by smaller commercial and industrial consumers in the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional energy costs and price dynamics that are relevant for businesses, policymakers, and economic analysts in the West.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas distributors and calculated as a volume-weighted average price.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and market analysts to monitor energy costs, inflation, and regional competitiveness for businesses in the West Census Region.
Q: Are there update delays or limitations?
A: There may be a short lag in data availability, and the series only covers the West Census Region and size class C consumers.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the West Census Region - Size Class C (APUC40072620), retrieved from FRED.