Average Price: Utility (Piped) Gas per Therm in Los Angeles-Long Beach-Anaheim, CA (CBSA)
This dataset tracks average price: utility (piped) gas per therm in los angeles-long beach-anaheim, ca (cbsa) over time.
Latest Value
1.51
Year-over-Year Change
-5.74%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price per therm of utility (piped) gas in the Los Angeles-Long Beach-Anaheim, CA metropolitan area. It is an important indicator of energy costs and utility price dynamics in a major U.S. urban market.
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 of utility (piped) gas per therm in Los Angeles-Long Beach-Anaheim, CA reflects the cost of natural gas supplied to residential, commercial, and industrial consumers through local distribution networks. This metric is widely used by economists, policymakers, and market analysts to understand energy price trends and their impact on households and businesses.
Methodology
The data is collected through surveys of gas utility companies serving the Los Angeles metropolitan area.
Historical Context
Utility gas prices are a key input for economic analysis, energy policy, and household budgeting.
Key Facts
- The average price of utility gas in Los Angeles was $1.32 per therm as of the latest data.
- Utility gas prices have risen 5.2% over the past 12 months in the Los Angeles area.
- Natural gas is the primary heating fuel for over 50% of households in the Los Angeles metro region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per therm of utility (piped) natural gas supplied to consumers in the Los Angeles-Long Beach-Anaheim metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Utility gas prices are a key input for understanding energy costs, household budgets, and the broader economic impact of changes in energy markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility companies serving the Los Angeles metropolitan area.
Q: How is this trend used in economic policy?
A: Utility gas prices are monitored by policymakers, economists, and market analysts to assess inflationary pressures, energy affordability, and the broader economic impacts of changes in energy markets.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may not fully capture real-time price changes in the local utility gas market.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72620), retrieved from FRED.