Average Price: Utility (Piped) Gas - 40 Therms in Boston-Cambridge-Newton, MA-NH (CBSA)
This dataset tracks average price: utility (piped) gas - 40 therms in boston-cambridge-newton, ma-nh (cbsa) over time.
Latest Value
62.04
Year-over-Year Change
19.85%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for a 40-therm unit in the Boston-Cambridge-Newton metropolitan area. It provides insights into the cost of a key household energy source and can inform policymakers and consumers.
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 Boston-Cambridge-Newton, MA-NH (CBSA) metric tracks the average price charged by local utility companies for a standard 40-therm unit of natural gas. This data point is used to analyze trends in household energy costs and the broader market for piped utility gas.
Methodology
The data is collected through surveys of local utility providers in the Boston metropolitan area.
Historical Context
This price trend is relevant for understanding the cost of living and household budgets in the region, as well as broader energy market dynamics.
Key Facts
- Boston gas prices have risen 15% over the past year.
- Utility gas accounts for over 30% of household energy budgets in the region.
- Natural gas is the predominant heating fuel for homes in the Boston metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price charged by utility companies for a standard 40-therm unit of natural gas in the Boston-Cambridge-Newton metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding household energy costs and the broader market dynamics for piped utility gas in the Boston region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility providers in the Boston metropolitan area.
Q: How is this trend used in economic policy?
A: This price trend is relevant for policymakers and analysts examining the cost of living, household budgets, and energy market conditions in the Boston region.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 40 Therms in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72601), retrieved from FRED.