Average Price: Utility (Piped) Gas - 40 Therms in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA)
APUS24A72601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.32
Year-over-Year Change
-15.90%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price paid for 40 therms of utility (piped) gas in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. It is a key indicator of energy costs for consumers and businesses in this major Midwest market.
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 Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) series tracks the average price paid for 40 therms of natural gas in this metropolitan statistical area. It is used by economists and policymakers to monitor household and commercial energy expenditures in this Midwestern urban market.
Methodology
The data is collected through surveys of utility providers serving the Minneapolis-St. Paul metropolitan region.
Historical Context
This natural gas price trend informs economic analysis and policymaking related to consumer spending, business costs, and energy market conditions.
Key Facts
- Natural gas is a major household and commercial fuel in the Minneapolis metro area.
- Prices can fluctuate based on supply, demand, and regulatory factors.
- This data series has been tracked since 1976.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid for 40 therms of utility (piped) natural gas in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This natural gas price trend is important for monitoring household and business energy costs in a major Midwest market, informing economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers serving the Minneapolis-St. Paul metropolitan region.
Q: How is this trend used in economic policy?
A: This natural gas price trend informs analysis and policymaking related to consumer spending, business costs, and energy market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insight into this important energy price indicator.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) (APUS24A72601), retrieved from FRED.