PADD IV (Rocky Mountain District) Diesel Sales Price
Annual
GASDESRMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-7.03%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual Natural Gas Gross Withdrawals and Production trend measures total annual natural gas production in the United States. This metric is critical for understanding energy supply and demand dynamics.
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 Annual Natural Gas Gross Withdrawals and Production indicator represents the total volume of natural gas extracted and processed in the U.S. each year. It is a key statistic for evaluating the health and growth of the domestic natural gas industry.
Methodology
This data is collected by the U.S. Energy Information Administration through mandatory surveys of natural gas producers.
Historical Context
Policymakers and energy analysts closely monitor this trend to assess the nation's energy security and the potential for natural gas exports.
Key Facts
- U.S. natural gas production has grown by over 50% since 2005.
- Natural gas accounts for over 30% of total U.S. energy consumption.
- The U.S. became a net exporter of natural gas in 2017.
FAQs
Q: What does this economic trend measure?
A: The Annual Natural Gas Gross Withdrawals and Production trend measures the total volume of natural gas extracted and processed in the United States each year.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for understanding the health and growth of the domestic natural gas industry, as well as broader energy supply and demand dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through mandatory surveys of natural gas producers.
Q: How is this trend used in economic policy?
A: Policymakers and energy analysts closely monitor this trend to assess the nation's energy security and the potential for natural gas exports.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months following the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual Natural Gas Gross Withdrawals and Production (GASDESRMA), retrieved from FRED.