Average Price: Utility (Piped) Gas per Therm in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
This dataset tracks average price: utility (piped) gas per therm in philadelphia-camden-wilmington, pa-nj-de-md (cbsa) over time.
Latest Value
1.40
Year-over-Year Change
5.81%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Philadelphia-Camden-Wilmington metropolitan area. It is an important indicator for understanding regional 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) tracks the average retail price of natural gas for residential and commercial consumers in this major urban region. It is a key data point for analyzing regional energy markets and household budgets.
Methodology
The data is collected through surveys of gas utility providers in the metropolitan area.
Historical Context
This price trend is used by policymakers, analysts, and consumers to monitor the affordability of a crucial household and business expense.
Key Facts
- The average price was $1.15 per therm in December 2022.
- Prices have increased 25% over the past year.
- 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 retail price of utility (piped) natural gas per therm in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of energy costs and consumer spending in a major Northeast US region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility providers in the Philadelphia-Camden-Wilmington metropolitan area.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers, analysts, and consumers to monitor the affordability of natural gas, a crucial household and business expense.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B72620), retrieved from FRED.