Average Price: Utility (Piped) Gas per Therm in San Francisco-Oakland-Hayward, CA (CBSA)
This dataset tracks average price: utility (piped) gas per therm in san francisco-oakland-hayward, ca (cbsa) over time.
Latest Value
2.28
Year-over-Year Change
1.65%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the San Francisco-Oakland-Hayward, CA metropolitan area. It is a key metric for understanding energy costs and inflation in the 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 per Therm in San Francisco-Oakland-Hayward, CA (CBSA) trend tracks the average retail price paid by consumers for natural gas delivered through pipelines in this major California metro area. This data point is widely used by economists, policymakers, and energy analysts to assess regional energy market conditions and the impact of utility costs on the local economy.
Methodology
The data is collected through surveys of gas utility companies serving the San Francisco-Oakland-Hayward region.
Historical Context
Trends in this metric are closely monitored by federal and state agencies to inform energy and environmental policies.
Key Facts
- San Francisco has some of the highest utility gas prices in the U.S.
- Prices spiked in 2022 due to global energy market volatility.
- Natural gas accounts for over 40% of household energy consumption in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of utility (piped) natural gas per therm for consumers in the San Francisco-Oakland-Hayward, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Trends in regional gas prices are a key indicator of energy costs and inflation, which significantly impact household budgets and business operations in the San Francisco Bay Area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility companies serving the San Francisco-Oakland-Hayward metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Policymakers at the federal, state, and local levels use this data to inform energy, environmental, and consumer protection policies that aim to address the impact of rising utility costs on residents and businesses.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, and may not fully capture short-term price fluctuations in the regional natural gas market.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in San Francisco-Oakland-Hayward, CA (CBSA) (APUS49B72620), retrieved from FRED.