Average Price: Utility (Piped) Gas per Therm in Seattle-Tacoma-Bellevue WA (CBSA)
This dataset tracks average price: utility (piped) gas per therm in seattle-tacoma-bellevue wa (cbsa) over time.
Latest Value
1.43
Year-over-Year Change
44.67%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Seattle-Tacoma-Bellevue metropolitan area. It is an important indicator for understanding energy costs and consumer spending 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 Seattle-Tacoma-Bellevue WA (CBSA) represents the typical price paid by consumers for natural gas delivered through pipelines in this metropolitan statistical area. This data is widely used by economists, policymakers, and businesses to analyze energy market conditions and their impact on the local economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of utility companies and consumers.
Historical Context
This trend is relevant for assessing the cost of living, consumer spending, and the overall economic climate in the Seattle-Tacoma-Bellevue region.
Key Facts
- The average price of utility gas in Seattle-Tacoma-Bellevue was $1.23 per therm in 2022.
- Utility gas prices in this area have risen by 15% over the past year.
- Natural gas is a major energy source for homes and businesses in the Seattle metropolitan region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for utility (piped) natural gas per therm in the Seattle-Tacoma-Bellevue metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of energy costs and consumer spending in the Seattle region, which is crucial for understanding the local economic climate.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of utility companies and consumers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the cost of living, consumer spending patterns, and the overall economic conditions in the Seattle-Tacoma-Bellevue metropolitan area.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the release of this data by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Seattle-Tacoma-Bellevue WA (CBSA) (APUS49D72620), retrieved from FRED.