Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Midwest Census Region
CXUOTHRFUELLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.00
Year-over-Year Change
-6.61%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on fuel oil and other fuels by households located in the Midwest Census Region of the United States. It provides insights into regional energy consumption patterns and spending.
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 Midwest Census Region series tracks household-level spending on heating fuels and related energy sources in the Midwest region. This data is useful for analyzing regional variations in energy use and costs, which can inform policy decisions and business strategies.
Methodology
The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, energy companies, and economists studying regional energy markets and household consumption patterns.
Key Facts
- The Midwest region accounts for approximately 22% of total U.S. household energy expenditures.
- Fuel oil and other fuels make up about 15% of total household energy spending in the Midwest.
- Energy costs in the Midwest are typically higher than the national average due to colder winters.
FAQs
Q: What does this economic trend measure?
A: This trend measures household-level expenditures on fuel oil and other heating fuels by consumers located in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional variations in energy consumption and costs, which is useful for policymakers, energy companies, and economists studying household energy markets.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend can inform energy policy decisions and help businesses better understand regional energy consumption patterns and household spending.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Expenditures: Fuel Oil and Other Fuels by Region: Residence in the Midwest Census Region (CXUOTHRFUELLB1103M), retrieved from FRED.