Average Price: Utility (Piped) Gas per Therm in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A72620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.87
Year-over-Year Change
15.30%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. It is an important indicator for monitoring energy costs and consumer spending.
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 New York-Newark-Jersey City, NY-NJ-PA (CBSA) tracks the average retail price paid by consumers for natural gas delivered through pipelines in this major metropolitan region. This data point is used by economists and policymakers to assess trends in household energy expenditures and the broader cost of living.
Methodology
The data is collected through surveys of gas utility companies.
Historical Context
This price index is relevant for understanding consumer inflation and the impact of energy costs on household budgets.
Key Facts
- The New York-Newark-Jersey City metropolitan area is the largest in the northeastern United States.
- Natural gas is a major heating and energy source for many households in this region.
- Utility gas prices can significantly impact consumer budgets and overall cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for utility (piped) natural gas per therm in the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This price index is an important indicator for understanding trends in household energy expenditures and the broader cost of living in a major U.S. metropolitan region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas utility companies operating in the New York-Newark-Jersey City metropolitan area.
Q: How is this trend used in economic policy?
A: This price index is used by economists and policymakers to assess the impact of energy costs on consumer inflation and household budgets.
Q: Are there update delays or limitations?
A: The data is released monthly with a short publication delay, providing timely insights on natural gas prices in this region.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A72620), retrieved from FRED.