Average Price: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in st. louis, mo-il (cbsa) over time.
Latest Value
37.07
Year-over-Year Change
-0.87%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the St. Louis, MO-IL metropolitan area. It provides valuable insights into regional energy costs and consumer spending patterns.
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: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA) data series tracks the average price that residential customers in the St. Louis metropolitan area pay for 500 kilowatt-hours of electricity. This metric is widely used by economists and policymakers to analyze regional energy market dynamics and their impact on household budgets.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of local electricity providers.
Historical Context
This trend is closely monitored by economists, urban planners, and policymakers to understand the cost of living and assess the broader economic conditions in the St. Louis region.
Key Facts
- The average price of 500 kilowatt-hours of electricity in St. Louis is $68.24 as of the latest data.
- Electricity prices in St. Louis are 2.5% lower than the national average.
- Residential electricity rates in the St. Louis metro have risen by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that residential customers in the St. Louis, MO-IL metropolitan area pay for 500 kilowatt-hours of electricity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional energy costs and their impact on household budgets, which is crucial for economists and policymakers analyzing the St. Louis economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of local electricity providers in the St. Louis metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, urban planners, and policymakers to understand the cost of living and assess the broader economic conditions in the St. Louis region.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in publication.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUS24B Trends
Average Price: Electricity per Kilowatt-Hour in St. Louis, MO-IL (CBSA)
APUS24B72610
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in St. Louis, MO-IL (CBSA)
APUS24B7471A
Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in St. Louis, MO-IL (CBSA)
APUS24B74713
Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in St. Louis, MO-IL (CBSA)
APUS24B74712
Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in St. Louis, MO-IL (CBSA)
APUS24B74716
Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in St. Louis, MO-IL (CBSA)
APUS24B74714
Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA) (APUS24B72621), retrieved from FRED.