Average Price: Utility (Piped) Gas per Therm in Washington, DC-MD-VA (CBSA)
APUA31572620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-5.39%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Washington, DC-MD-VA metropolitan area. It is an important indicator for policymakers and utility companies to track regional energy costs and consumer demand.
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 Washington, DC-MD-VA (CBSA) trend represents the average retail price paid by consumers for natural gas delivered through pipes in the Washington metropolitan region. This data is used to assess regional energy market conditions and the impact of factors like supply, demand, and regulation on household utility costs.
Methodology
The data is collected through surveys of utility companies by the U.S. Energy Information Administration.
Historical Context
Policymakers and utility providers use this trend to inform decisions about energy infrastructure, pricing, and programs that impact household energy costs.
Key Facts
- The average price was $1.51 per therm in December 2022.
- Prices peaked at $2.00 per therm in June 2022.
- Utility gas accounts for over 60% of household energy use in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for natural gas delivered through pipes in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for policymakers and utility companies to track regional energy costs and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and utility providers use this trend to inform decisions about energy infrastructure, pricing, and programs that impact household energy costs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Washington, DC-MD-VA (CBSA) (APUA31572620), retrieved from FRED.