Average Price: Utility (Piped) Gas per Therm in St. Louis, MO-IL (CBSA)
APUS24B72620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.55
Year-over-Year Change
11.12%
Date Range
11/1/1978 - 11/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the St. Louis, MO-IL metropolitan area. It is an important indicator for understanding regional energy costs and consumer purchasing power.
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 per Therm in St. Louis, MO-IL (CBSA) series tracks the average cost of natural gas for residential and commercial consumers in the St. Louis metro area. This metric is used by policymakers, utility companies, and economic analysts to assess trends in regional energy prices and their impact on the local economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of energy providers.
Historical Context
Trends in piped gas prices are relevant for understanding consumer spending, household budgets, and the costs of doing business in the St. Louis region.
Key Facts
- The series began in January 1976.
- Natural gas accounts for over 50% of household energy consumption in the Midwest.
- Prices vary seasonally, typically peaking in the winter heating months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of utility (piped) natural gas per therm in the St. Louis, MO-IL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Trends in regional gas prices are important for understanding consumer spending, household budgets, and the costs of doing business in the St. Louis metro area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of energy providers in the St. Louis region.
Q: How is this trend used in economic policy?
A: Policymakers, utility companies, and economic analysts use this metric to assess trends in regional energy prices and their impact on the local economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in St. Louis, MO-IL (CBSA) (APUS24B72620), retrieved from FRED.