Average Price: Utility (Piped) Gas per Therm in Houston-The Woodlands-Sugar Land, TX (CBSA)
This dataset tracks average price: utility (piped) gas per therm in houston-the woodlands-sugar land, tx (cbsa) over time.
Latest Value
1.49
Year-over-Year Change
4.05%
Date Range
3/1/1979 - 11/1/2024
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Houston-The Woodlands-Sugar Land, TX metropolitan area. It provides important insights into the cost of a key energy source for households and businesses in this major economic hub.
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 Houston-The Woodlands-Sugar Land, TX (CBSA) tracks the average retail price paid by consumers for natural gas delivered through pipelines in this metropolitan statistical area. This metric is closely monitored by economists, policymakers, and energy analysts to assess cost-of-living and input price trends.
Methodology
The data is collected through surveys of natural gas utility companies serving the Houston region.
Historical Context
This economic indicator helps inform decisions around energy policy, consumer budgeting, and business planning in the Houston metro area.
Key Facts
- Houston is the 4th largest city in the United States.
- Natural gas is a major energy source for Houston households and businesses.
- Utility gas prices can impact the cost of living and production costs in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for natural gas delivered through pipelines in the Houston-The Woodlands-Sugar Land, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of a key energy source for households and businesses in the Houston region, informing decisions around energy policy, consumer budgeting, and business planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utility companies serving the Houston metropolitan area.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform energy policy, as well as consumer and business decisions in the Houston metro area.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the surveyed utility companies.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B72620), retrieved from FRED.