Average Price: Utility (Piped) Gas - 100 Therms in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA)
APUS24A72611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.49
Year-over-Year Change
-17.14%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of 100 therms of utility (piped) gas in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. It provides insight into the cost of a key household energy source 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 - 100 Therms in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) series tracks the price paid by consumers for a standardized volume of natural gas utility service in this metropolitan region. This data point is closely watched by energy analysts and policymakers to understand trends in household energy expenditures.
Methodology
The data is collected through surveys of utility providers in the metropolitan area.
Historical Context
This price trend is used to inform energy policy decisions and consumer cost-of-living assessments.
Key Facts
- Minneapolis-St. Paul is the 16th largest metropolitan area in the U.S.
- Natural gas is a major heating fuel for homes in this region.
- Prices can fluctuate seasonally due to heating demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for 100 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 data point is important for understanding household energy costs and the cost of living in this major Midwest market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers in the Minneapolis-St. Paul-Bloomington metropolitan area.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers and analysts to inform energy policy decisions and consumer cost-of-living assessments.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from utility providers, and the trend only reflects prices in the Minneapolis-St. Paul-Bloomington metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) (APUS24A72611), retrieved from FRED.