Average Price: Utility (Piped) Gas per Therm in the Northeast Census Region - Size Class A
This dataset tracks average price: utility (piped) gas per therm in the northeast census region - size class a over time.
Latest Value
1.72
Year-over-Year Change
10.76%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Northeast Census Region for Size Class A consumers. It provides valuable insights into energy costs and consumer behavior in the 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 the Northeast Census Region - Size Class A tracks the unit price paid by small-scale residential and commercial consumers for natural gas delivered through pipelines in the Northeastern United States. This metric is used to analyze regional energy markets and household expenditures.
Methodology
The data is collected through surveys of gas utility companies by the U.S. Energy Information Administration.
Historical Context
This trend is relevant for policymakers, economists, and energy market analysts to understand regional energy price dynamics and consumer demand.
Key Facts
- The Northeast Census Region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Size Class A refers to small-scale residential and commercial consumers.
- Natural gas is a major heating and energy source for many Northeastern households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per therm of utility (piped) gas by small-scale residential and commercial consumers in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional energy costs and consumer behavior, which is useful for policymakers, economists, and energy market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used to understand regional energy price dynamics and consumer demand, which can inform energy policy and market regulations.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions by the source agency.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in the Northeast Census Region - Size Class A (APUS10072620), retrieved from FRED.