Average Price: Utility (Piped) Gas per Therm in the New England Census Division
APU011072620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.08
Year-over-Year Change
7.43%
Date Range
1/1/2018 - 12/1/2024
Summary
The 'Average Price: Utility (Piped) Gas per Therm in the New England Census Division' tracks the average price per therm that consumers in the New England region pay for piped utility natural gas. This metric is a key indicator of energy costs and household expenditures.
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
This economic trend measures the average retail price that natural gas utility customers in the New England census division pay per therm of piped gas. It is an important benchmark for understanding residential and commercial energy costs, as well as the broader economic climate in the region.
Methodology
The data is collected through surveys of natural gas utilities and suppliers serving the New England states.
Historical Context
This price trend is used by policymakers, analysts, and businesses to assess energy market conditions and the impact on consumers and the regional economy.
Key Facts
- New England has the highest average utility gas prices in the contiguous U.S.
- Prices peaked in 2022 due to global supply chain disruptions and geopolitical factors.
- Utility gas makes up a significant portion of total household energy budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price that natural gas utility customers in the New England census division pay per therm of piped gas.
Q: Why is this trend relevant for users or analysts?
A: This price metric is an important benchmark for understanding residential and commercial energy costs, as well as the broader economic climate in the New England region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utilities and suppliers serving the New England states.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers, analysts, and businesses to assess energy market conditions and the impact on consumers and the regional economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the New England Census Division (APU011072620), retrieved from FRED.