Average Price: Utility (Piped) Gas per Therm in Buffalo-Niagara Falls, NY (CBSA)
This dataset tracks average price: utility (piped) gas per therm in buffalo-niagara falls, ny (cbsa) over time.
Latest Value
0.58
Year-over-Year Change
-7.45%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price per therm of utility (piped) gas in the Buffalo-Niagara Falls, NY metro area. It provides key insights into energy costs and consumer inflation for a major U.S. metropolitan 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 per Therm in Buffalo-Niagara Falls, NY (CBSA) series tracks the average retail price paid by consumers for natural gas delivered through pipelines in this metropolitan statistical area. This data point is an important indicator of living costs and a component of broader measures of inflation.
Methodology
The data is collected through surveys of local utility providers and end-user consumers.
Historical Context
This price trend is closely monitored by policymakers, economists, and households to understand energy market dynamics and their impact on the regional economy.
Key Facts
- Natural gas is a major heating fuel in the Buffalo region.
- Prices have risen over 30% in the past 5 years.
- Utility gas costs account for over 10% of the average household budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per therm of natural gas delivered through pipelines to consumers in the Buffalo-Niagara Falls, NY metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of living costs and a component of broader measures of inflation, providing insights into energy market dynamics and their impact on the regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility providers and end-user consumers.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored by policymakers, economists, and households to understand energy market dynamics and their impact on the regional economy.
Q: Are there update delays or limitations?
A: The data is released with a short delay and may not fully capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Buffalo-Niagara Falls, NY (CBSA) (APUA10572620), retrieved from FRED.