Average Price: Utility (Piped) Gas - 40 Therms in the Midwest Census Region - Size Class A
This dataset tracks average price: utility (piped) gas - 40 therms in the midwest census region - size class a over time.
Latest Value
45.74
Year-over-Year Change
14.60%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm purchase in the Midwest Census Region, focusing on Size Class A consumers. It provides insights into energy costs and consumption patterns for residential and small commercial users.
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 Midwest Census Region - Size Class A trend tracks the typical cost of natural gas for a fixed 40-therm purchase in the Midwest, a key metric for understanding regional energy markets and household/small business expenditures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of natural gas providers.
Historical Context
This trend is used by policymakers, analysts, and consumers to assess the affordability and accessibility of residential natural gas in the Midwest.
Key Facts
- The Midwest region accounts for over 20% of U.S. natural gas consumption.
- Natural gas is the primary heating fuel for over 50% of Midwest households.
- Prices can vary significantly by season and regional supply/demand conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of utility (piped) natural gas for a 40-therm purchase in the Midwest Census Region, focusing on Size Class A consumers (typically residential and small commercial users).
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs and consumption patterns, which are critical for understanding household and small business expenditures, as well as the overall affordability and accessibility of natural gas in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of natural gas providers.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and consumers to assess the affordability and accessibility of residential natural gas in the Midwest, which informs energy policies and consumer decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in the Midwest Census Region - Size Class A (APUS20072601), retrieved from FRED.