Average Price: Utility (Piped) Gas per Therm in Cleveland-Akron, OH (CBSA)
This dataset tracks average price: utility (piped) gas per therm in cleveland-akron, oh (cbsa) over time.
Latest Value
0.83
Year-over-Year Change
34.52%
Date Range
11/1/1978 - 12/1/2017
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Cleveland-Akron, OH metropolitan area. It provides important insights into local energy costs and consumer spending patterns.
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 Cleveland-Akron, OH (CBSA) tracks the average retail price paid by consumers for natural gas delivered through pipelines in this major Midwest metropolitan region. This metric is closely watched by economists, policymakers, and energy analysts.
Methodology
The data is collected through surveys of local utility companies and natural gas providers.
Historical Context
This trend serves as a key indicator of energy affordability and household expenditures in the Cleveland-Akron market.
Key Facts
- Cleveland-Akron is the largest metropolitan area in Ohio.
- Natural gas is a major heating fuel for homes in this region.
- Prices can fluctuate due to factors like supply, demand, and weather.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price paid by consumers for natural gas delivered through pipelines in the Cleveland-Akron, OH metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into local energy costs and consumer spending patterns, which are closely watched by economists, policymakers, and energy analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility companies and natural gas providers.
Q: How is this trend used in economic policy?
A: This trend serves as a key indicator of energy affordability and household expenditures in the Cleveland-Akron market, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may be subject to lags or revisions based on the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Cleveland-Akron, OH (CBSA) (APUA21072620), retrieved from FRED.