Average Price: Utility (Piped) Gas - 100 Therms in Seattle-Tacoma-Bellevue WA (CBSA)
APUS49D72611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.08
Year-over-Year Change
-7.85%
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 Seattle-Tacoma-Bellevue metropolitan area. It provides insight into the costs faced by households and businesses for this essential utility.
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 Seattle-Tacoma-Bellevue WA (CBSA) series tracks the average price that consumers in this region pay for 100 therms of piped natural gas. This metric is closely monitored by economists and policymakers to understand trends in energy costs and their impact on the local economy.
Methodology
The data is collected through surveys of gas utility providers in the Seattle-Tacoma-Bellevue area.
Historical Context
This price trend is an important indicator for analyzing consumer spending, household budgets, and the competitiveness of the regional energy market.
Key Facts
- 100 therms is a standard unit for measuring home natural gas consumption.
- Natural gas prices can significantly impact household budgets and business operating costs.
- The Seattle-Tacoma-Bellevue region is a major metropolitan area in the Pacific Northwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that consumers in the Seattle-Tacoma-Bellevue metropolitan area pay for 100 therms of utility (piped) natural gas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy costs and their impact on households and businesses in the Seattle region, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility providers in the Seattle-Tacoma-Bellevue metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to monitor energy costs, understand consumer spending patterns, and assess the competitiveness of the regional energy market.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Seattle-Tacoma-Bellevue WA (CBSA) (APUS49D72611), retrieved from FRED.