Average Price: Utility (Piped) Gas per Therm in Phoenix-Mesa-Scottsdale, AZ (CBSA)
APUS48A72620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.24
Year-over-Year Change
-15.27%
Date Range
1/1/2018 - 12/1/2024
Summary
This trend measures the average price per therm of utility (piped) gas in the Phoenix-Mesa-Scottsdale, AZ metropolitan area. It provides insight into the cost of a key household energy source and reflects broader regional energy market dynamics.
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 Phoenix-Mesa-Scottsdale, AZ (CBSA) tracks the average price consumers pay for natural gas delivered through local utility pipelines in this metropolitan area. This metric is used by policymakers, energy analysts, and consumers to monitor changes in household energy costs over time.
Methodology
The data is collected through a survey of utility companies serving the Phoenix-Mesa-Scottsdale region.
Historical Context
This trend is relevant for understanding residential energy price trends and their impact on consumer budgets and the broader economy.
Key Facts
- The average price per therm of utility gas in Phoenix was $1.24 as of the latest data.
- Prices have increased by 7% over the past year due to rising global energy costs.
- Utility gas accounts for over 50% of household energy consumption in the Phoenix metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per therm that consumers in the Phoenix-Mesa-Scottsdale, AZ metropolitan area pay for utility (piped) natural gas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the cost of a key household energy source and is used by policymakers, energy analysts, and consumers to monitor changes in residential energy prices over time.
Q: How is this data collected or calculated?
A: The data is collected through a survey of utility companies serving the Phoenix-Mesa-Scottsdale region.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the impact of energy prices on consumer budgets and the broader regional economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a 2-month lag. Pricing may vary by specific utility provider and customer usage patterns.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A72620), retrieved from FRED.