Average Price: Utility (Piped) Gas per Therm in Riverside-San Bernardino-Ontario, CA (CBSA)
This dataset tracks average price: utility (piped) gas per therm in riverside-san bernardino-ontario, ca (cbsa) over time.
Latest Value
1.48
Year-over-Year Change
-8.34%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Riverside-San Bernardino-Ontario, CA metropolitan area. It provides important insights 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 Riverside-San Bernardino-Ontario, CA (CBSA) series tracks the average retail price paid by consumers for natural gas delivered through pipelines in this specific metropolitan region. This metric is closely watched by policymakers, utilities, and economic analysts to understand regional energy market dynamics.
Methodology
The data is collected through surveys of local gas and electric utilities.
Historical Context
This trend is used to inform energy policy, utility rate-setting, and consumer spending analysis.
Key Facts
- Natural gas is a major heating and power generation fuel.
- Riverside-San Bernardino-Ontario is a large metropolitan area in California.
- Utility gas prices impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for natural gas delivered through pipelines in the Riverside-San Bernardino-Ontario, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional energy costs and consumer spending patterns, which are closely watched by policymakers, utilities, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local gas and electric utilities.
Q: How is this trend used in economic policy?
A: This trend is used to inform energy policy, utility rate-setting, and consumer spending analysis.
Q: Are there update delays or limitations?
A: The data is subject to the survey and reporting schedules of the local utilities.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Riverside-San Bernardino-Ontario, CA (CBSA) (APUS49C72620), retrieved from FRED.