Average Price: Utility (Piped) Gas per Therm in the West Census Region - Size Class A
APUS40072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.78
Year-over-Year Change
3.48%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the West Census Region, focusing on Size Class A homes. It provides insight 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: Utility (Piped) Gas per Therm in the West Census Region - Size Class A trend tracks the average cost per unit of natural gas for residential customers in the western United States. This metric is used to analyze regional energy price dynamics and household expenditures.
Methodology
The data is collected through surveys of gas utilities and other suppliers in the West Census Region.
Historical Context
This trend is relevant for policymakers, energy analysts, and consumers to understand regional variations in natural gas prices and their impact on household budgets.
Key Facts
- The West Census Region includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
- Size Class A refers to homes with less than 2,000 square feet of living space.
- Natural gas is a major heating and power source for many households in the western United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per therm of utility (piped) natural gas for residential customers in the West Census Region, focusing on smaller homes (Size Class A).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into regional energy costs and consumer spending patterns, which is useful for policymakers, energy analysts, and households in the western United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas utilities and other suppliers in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand regional variations in natural gas prices and their impact on household budgets and consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the West Census Region - Size Class A (APUS40072620), retrieved from FRED.