Average Price: Utility (Piped) Gas - 100 Therms in Washington, DC-MD-VA (CBSA)
APUA31572611 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.29
Year-over-Year Change
-8.09%
Date Range
11/1/1978 - 12/1/1997
Summary
This trend measures the average price of 100 therms of utility (piped) gas in the Washington, DC-MD-VA metropolitan area. It provides insight into the local cost of a key household energy source.
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 - 100 Therms in Washington, DC-MD-VA (CBSA) trend tracks the typical price consumers pay for 100 units of natural gas delivered via pipelines in the Washington metropolitan region. This metric is useful for understanding regional energy costs and consumer price pressures.
Methodology
The data is collected through surveys of gas utility companies in the area.
Historical Context
Policymakers and economists monitor this trend to assess the affordability of a basic household necessity.
Key Facts
- The Washington, DC metro area includes the District of Columbia, northern Virginia, and parts of Maryland.
- Natural gas is a major heating fuel for homes and businesses in the region.
- Utility gas prices can significantly impact household budgets and inflation measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for 100 therms of utility (piped) natural gas in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost of a key household energy source, which is important for assessing consumer price pressures and the affordability of basic necessities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility companies operating in the Washington, DC-MD-VA metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand regional energy costs and their impact on household budgets and inflation.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology may not fully capture all price variations.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Washington, DC-MD-VA (CBSA) (APUA31572611), retrieved from FRED.