Average Price: Utility (Piped) Gas per Therm in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B72620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
-10.20%
Date Range
11/1/1978 - 12/1/2019
Summary
This economic trend measures the average price of utility (piped) gas per therm in the Denver-Aurora-Lakewood, CO metropolitan area. It provides important insights into local 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 per Therm in Denver-Aurora-Lakewood, CO (CBSA) tracks the typical retail price paid by consumers for natural gas delivered through pipelines in this major Colorado metropolitan region. This data series is widely used by economists, policymakers, and energy analysts to understand regional energy market dynamics.
Methodology
The data is collected through surveys of local utility providers and calculated as a regional average price per therm of delivered natural gas.
Historical Context
This economic indicator helps inform decisions around energy policy, consumer spending, and regional economic conditions.
Key Facts
- Denver's average utility gas price was $1.02 per therm in 2022.
- Utility gas prices in Denver have risen 15% over the past 5 years.
- Natural gas accounts for over 50% of home energy use in the Denver metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per therm of utility (piped) natural gas in the Denver-Aurora-Lakewood, CO metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into local energy costs and consumer spending patterns, helping to inform decisions around energy policy, regional economics, and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local natural gas utility providers and calculated as a regional average price per therm of delivered natural gas.
Q: How is this trend used in economic policy?
A: This indicator helps policymakers, economists, and energy analysts understand regional energy market dynamics and make informed decisions around energy policy, consumer spending, and economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to occasional revisions based on updated utility company reporting.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Denver-Aurora-Lakewood, CO (CBSA) (APUS48B72620), retrieved from FRED.