Average Price: Utility (Piped) Gas per Therm in Boston-Cambridge-Newton, MA-NH (CBSA)
APUS11A72620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
13.99%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Boston-Cambridge-Newton, MA-NH metropolitan area. It provides important data on energy costs for households and businesses 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 Boston-Cambridge-Newton, MA-NH (CBSA) metric tracks the typical price paid by consumers for natural gas delivered through pipes in this major urban area. This data point is a key indicator of energy affordability and is closely monitored by policymakers and market analysts.
Methodology
The data is collected through surveys of local utility companies and gas distributors.
Historical Context
Trends in this metric are used to assess the impact of energy policy, market conditions, and cost of living in the Boston metropolitan region.
Key Facts
- Gas prices in Boston are typically higher than the national average.
- Residential consumers account for over 30% of total gas demand in the region.
- Utility gas prices in Boston have risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for utility (piped) natural gas per therm in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important data on energy affordability and cost of living for households and businesses in the Boston region, which is closely tracked by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local utility companies and gas distributors in the Boston metropolitan area.
Q: How is this trend used in economic policy?
A: Trends in this metric are used to assess the impact of energy policy, market conditions, and cost of living in the Boston metropolitan region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72620), retrieved from FRED.