Average Price: Utility (Piped) Gas - 100 Therms in Los Angeles-Long Beach-Anaheim, CA (CBSA)
APUS49A72611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.33
Year-over-Year Change
20.94%
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 Los Angeles-Long Beach-Anaheim, CA metropolitan area. It is a key indicator of consumer energy costs and reflects broader trends in regional utility prices.
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 Los Angeles-Long Beach-Anaheim, CA (CBSA) series tracks the average cost of a standardized volume of natural gas for residential and commercial consumers in this major California metropolitan region. It is used by economists and policymakers to analyze cost-of-living dynamics and the impacts of utility price fluctuations.
Methodology
The data is collected through surveys of local gas utility providers and calculated as a regional average.
Historical Context
This trend is relevant for understanding consumer spending, household budgets, and the broader cost environment in the Los Angeles metro area.
Key Facts
- 100 therms is a standard unit for measuring residential natural gas usage.
- The Los Angeles-Long Beach-Anaheim metro area has a population of over 13 million.
- Natural gas accounts for around 25% of total household energy expenditures in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of 100 therms of utility (piped) gas in the Los Angeles-Long Beach-Anaheim, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding consumer energy costs, household budgets, and broader cost-of-living dynamics in the Los Angeles region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local gas utility providers and calculated as a regional average.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze utility price fluctuations and their impacts on consumers and businesses in the Los Angeles metro area.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and may not capture rapid short-term price changes.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72611), retrieved from FRED.