Average Price: Utility (Piped) Gas - 40 Therms in Scranton, PA (CBSA)
APUA10672601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.15
Year-over-Year Change
-7.50%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend tracks the average price of 40 therms of utility (piped) gas in Scranton, Pennsylvania. It provides valuable insights into the cost of a key household energy source for consumers and businesses in this metropolitan 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 Average Price: Utility (Piped) Gas - 40 Therms in Scranton, PA (CBSA) series measures the average retail price paid by consumers for 40 therms of natural gas delivered through pipes in the Scranton, Pennsylvania metropolitan statistical area. This metric is useful for analyzing regional energy costs and consumer price trends.
Methodology
The data is collected through surveys of local utility providers and gas retailers.
Historical Context
This trend helps inform energy policy, market analysis, and household budgeting decisions.
Key Facts
- Scranton is the largest city in northeastern Pennsylvania.
- Natural gas is a major heating fuel for homes and businesses in the region.
- Prices can fluctuate based on supply, demand, and regulatory factors.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price paid by consumers for 40 therms of natural gas delivered through pipes in the Scranton, Pennsylvania metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional energy costs, which are important for consumer budgeting, business planning, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility providers and gas retailers.
Q: How is this trend used in economic policy?
A: This trend helps inform energy policy, market analysis, and household budgeting decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, but there may be lags in reporting from local sources.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Scranton, PA (CBSA) (APUA10672601), retrieved from FRED.