Average Price: Utility (Piped) Gas - 100 Therms in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
This dataset tracks average price: utility (piped) gas - 100 therms in new york-newark-jersey city, ny-nj-pa (cbsa) over time.
Latest Value
125.49
Year-over-Year Change
6.09%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of utility (piped) gas for 100 therms in the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. It is an important indicator for policymakers and consumers to monitor energy costs and inflation.
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 New York-Newark-Jersey City, NY-NJ-PA (CBSA) series tracks the average cost of 100 therms of piped natural gas for residential and commercial customers in this major metropolitan region. This data point is used to assess changes in energy prices and the overall cost of living.
Methodology
The data is collected through surveys of utility providers in the region.
Historical Context
This economic indicator is closely watched by policymakers, market analysts, and consumers to understand trends in energy affordability and their potential impact on the broader economy.
Key Facts
- The series has been tracked since 1980.
- Prices are reported monthly in US dollars per 100 therms.
- Natural gas is a major heating fuel in the Northeast US.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of 100 therms of utility (piped) natural gas in the New York-Newark-Jersey City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding changes in energy costs and the overall cost of living in a major US metropolitan region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers in the New York-Newark-Jersey City metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers, market analysts, and consumers use this data to monitor energy affordability and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is reported monthly with no known delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A72611), retrieved from FRED.