PADD III (Gulf Coast District) Premium All Formulations Gas Price
Annual
GASPRMGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-0.35%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual' economic trend measures the total volume of natural gas production in the United States each year. It is a key indicator of domestic energy supply and an important data point for energy policy decisions.
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' trend represents the total amount of natural gas produced in the United States over a 12-month period. It is a widely tracked metric used by energy analysts, policymakers, and industry stakeholders to assess the country's natural gas production capacity and trends.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of natural gas producers.
Historical Context
This annual production figure informs energy policy, investment decisions, and market analysis around domestic natural gas supply.
Key Facts
- U.S. natural gas production reached a record high in 2019.
- The U.S. is the world's largest producer of natural gas.
- Natural gas is a key feedstock for electricity generation and industrial processes.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total volume of natural gas produced in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This annual production figure is a crucial indicator of domestic energy supply and informs key decisions around energy policy, investment, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of natural gas producers.
Q: How is this trend used in economic policy?
A: The annual natural gas production figure is used by policymakers, economists, and industry stakeholders to assess the country's energy supply and make informed decisions around energy policy.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the annual production data as it is collected through surveys of producers.
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Citation
U.S. Federal Reserve, Annual (GASPRMGCA), retrieved from FRED.