Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Northeast Census Region
CXUOTHRFUELLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
436.00
Year-over-Year Change
-10.47%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on fuel oil and other fuels for residences in the Northeast Census Region of the United States. It provides insights into the energy costs and consumption patterns of homes in this geographic area.
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 Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Northeast Census Region data series tracks the average monthly spending by consumers in the Northeast on heating fuels like oil, natural gas, and propane. This metric is used by economists and policymakers to analyze energy affordability and household energy use trends in the region.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for understanding energy policies, utility costs, and household budgets in the Northeastern United States.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Fuel oil and other fuels account for a significant portion of home energy costs in the Northeast due to the region's colder climate.
- Expenditures on fuel oil and other heating fuels can be impacted by factors like weather, energy prices, and government energy assistance programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on fuel oil and other heating fuels, such as natural gas and propane, for residences located in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding energy affordability, household budgets, and regional energy consumption patterns in the Northeastern United States. It provides insights that can inform energy policies and utility cost management.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey, which tracks household spending across various categories, including home energy costs.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, policymakers, and energy analysts to monitor energy affordability and consumption trends in the Northeast, which can inform decisions around energy assistance programs, utility regulation, and regional energy infrastructure investments.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve, but there may be a 1-2 month delay in the most recent figures being available. The survey-based nature of the data may also limit its granularity or timeliness compared to some other energy market indicators.
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Citation
U.S. Federal Reserve, Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Northeast Census Region (CXUOTHRFUELLB1102M), retrieved from FRED.