Average Price: Utility (Piped) Gas - 100 Therms in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
This dataset tracks average price: utility (piped) gas - 100 therms in philadelphia-camden-wilmington, pa-nj-de-md (cbsa) over time.
Latest Value
124.29
Year-over-Year Change
4.68%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of 100 therms of utility (piped) gas in the Philadelphia-Camden-Wilmington metropolitan area. It is a key indicator for understanding regional energy costs and consumer spending patterns.
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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) metric tracks the typical cost of a 100-therm unit of piped natural gas for residential and commercial customers in this major Mid-Atlantic region. This data point is used by economists and policymakers to analyze trends in household utility expenditures and the broader energy market.
Methodology
The data is collected through surveys of utility providers and local market prices.
Historical Context
This economic indicator helps inform decisions around energy policy, consumer price indices, and regional economic development.
Key Facts
- The Philadelphia region is a major center of residential and commercial natural gas consumption.
- Utility gas prices can significantly impact household budgets and business operating costs.
- This metric is updated monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of 100 therms of utility (piped) gas in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding regional energy costs and their impact on consumer spending and business operations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility providers and local market prices.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions around energy policy, consumer price indices, and regional economic development.
Q: Are there update delays or limitations?
A: This metric is updated monthly by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas - 100 Therms in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B72611), retrieved from FRED.