Average Price: Utility (Piped) Gas - 100 Therms in the Midwest Census Region - Size Class A
APUS20072611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.54
Year-over-Year Change
17.81%
Date Range
11/1/1978 - 6/1/2013
Summary
This trend measures the average price of utility (piped) gas, at a volume of 100 therms, in the Midwest Census Region for size class A customers. It provides insights into regional energy costs and consumer affordability.
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 Midwest Census Region - Size Class A trend tracks the average price paid by residential consumers for 100 therms of natural gas in the Midwest region. This metric is useful for analyzing regional energy price dynamics and the impact on household budgets.
Methodology
The data is collected through surveys of natural gas utilities and distributors.
Historical Context
This trend is closely monitored by policymakers, energy analysts, and consumers to understand the affordability of home heating and the broader state of the regional energy market.
Key Facts
- Midwest region accounts for over 20% of U.S. natural gas consumption.
- Size class A represents the smallest residential customers.
- Natural gas is the primary heating fuel for over 50% of Midwest homes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by residential consumers in the Midwest region for 100 therms of utility (piped) natural gas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional energy affordability and cost-of-living dynamics, which are important considerations for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utilities and distributors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, market analysts, and consumers to understand regional energy price dynamics and the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in the Midwest Census Region - Size Class A (APUS20072611), retrieved from FRED.