Average Price: Utility (Piped) Gas - 40 Therms in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
This dataset tracks average price: utility (piped) gas - 40 therms in miami-fort lauderdale-west palm beach, fl (cbsa) over time.
Latest Value
65.20
Year-over-Year Change
7.10%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm unit in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area. It is a key indicator of residential energy costs and household expenditures.
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 Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) series tracks the average price paid by consumers for 40 therms of piped natural gas in this specific geographic region. This data point is used to analyze trends in local residential energy prices and can inform policy decisions related to cost-of-living, energy affordability, and consumer inflation.
Methodology
The data is collected through surveys of local gas utility providers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess the impact of energy prices on household budgets and the broader cost of living.
Key Facts
- Natural gas is a common residential heating fuel in the Miami metro area.
- 40 therms is a typical monthly usage for a single-family home.
- Utility gas prices can significantly impact household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for 40 therms of utility (piped) natural gas in the Miami-Fort Lauderdale-West Palm Beach metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding residential energy costs and the impact of energy prices on household budgets and the broader cost of living in the Miami metro region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local gas utility providers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the impact of energy prices on household budgets and inform decisions related to cost-of-living, energy affordability, and consumer inflation.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and geographic limitations, as this trend only covers the Miami-Fort Lauderdale-West Palm Beach metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B72601), retrieved from FRED.