Average Price: Utility (Piped) Gas - 40 Therms in Urban Hawaii (CBSA)
APUS49F72601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.04
Year-over-Year Change
-19.44%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm consumption level in urban Hawaii. It provides valuable insights into the cost of a crucial household energy source.
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 - 40 Therms in Urban Hawaii (CBSA) trend tracks the average retail price of natural gas for residential consumers in the Honolulu, HI metropolitan area. This data point is widely used by policymakers, analysts, and researchers to monitor changes in energy costs and their impact on the local economy.
Methodology
The data is collected through surveys of natural gas providers in the Honolulu CBSA.
Historical Context
This trend is relevant for understanding the cost of living and household budgets in urban Hawaii, as well as the broader trends in the natural gas market.
Key Facts
- The price is reported per 40 therms of natural gas consumption.
- Hawaii has the highest electricity prices in the nation, making natural gas a critical household energy source.
- Residential natural gas prices in Hawaii are significantly higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of utility (piped) natural gas for a 40-therm consumption level in the Honolulu, Hawaii metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living and household budgets in urban Hawaii, as well as broader trends in the natural gas market that can impact the local and regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas providers in the Honolulu CBSA.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and researchers use this data to monitor changes in energy costs and their impact on the local economy, informing decisions on energy policy, consumer protection, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with occasional revisions. There may be slight delays in data availability compared to the reference period.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Urban Hawaii (CBSA) (APUS49F72601), retrieved from FRED.