Average Price: Utility (Piped) Gas - 100 Therms in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
This dataset tracks average price: utility (piped) gas - 100 therms in miami-fort lauderdale-west palm beach, fl (cbsa) over time.
Latest Value
132.12
Year-over-Year Change
9.60%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of 100 therms of utility (piped) gas in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area. It is a key indicator of energy costs and household expenditures for consumers in this region.
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 Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) series tracks the average cost of 100 therms of natural gas delivered to residential customers in this specific metropolitan statistical area. This data point is widely used by economists and policymakers to analyze regional energy price dynamics and household budgets.
Methodology
The data is collected through surveys of local utility providers by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is an important input for understanding consumer price inflation, household spending patterns, and the economic conditions within the Miami metropolitan area.
Key Facts
- Natural gas is a major household energy source in the Miami metro area.
- Prices can fluctuate based on global energy markets and local distribution costs.
- Tracking this trend helps monitor the cost of living in South Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of 100 therms of utility (piped) gas for residential customers in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of energy costs and household expenditures in the Miami metro region, providing insights into local consumer price dynamics and the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility providers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to understand regional energy price trends and their impact on household budgets and consumer spending in the Miami metropolitan area.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. Regional coverage may not reflect outlying areas outside the core metropolitan statistical area.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B72611), retrieved from FRED.