Average Price: Utility (Piped) Gas - 40 Therms in the Northeast Census Region - Urban
APU010072601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.77
Year-over-Year Change
8.07%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm package in the Northeast Census Region's urban areas. It is a key indicator of 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 - 40 Therms in the Northeast Census Region - Urban series tracks the average price consumers pay for a standard 40-therm package of piped natural gas in urban areas of the Northeast. This data point is used by economists and policymakers to monitor regional energy price trends and their impact on household budgets.
Methodology
The data is collected through a monthly survey of utility providers in the Northeast Census Region.
Historical Context
This price trend is relevant for understanding household energy expenditures and the broader state of the regional economy.
Key Facts
- Prices are reported in dollars per 40-therm package.
- The Northeast Census Region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Natural gas is a major heating fuel for homes in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price consumers pay for a 40-therm package of utility (piped) natural gas in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price trend is important for understanding household energy expenditures and the broader state of the regional economy in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of utility providers in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to monitor regional energy price trends and their impact on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in the Northeast Census Region - Urban (APU010072601), retrieved from FRED.