PADD II (Midwest District) Premium Conventional Gas Price
Annual
GASPRMCOVMWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.94
Year-over-Year Change
4.23%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the average annual natural gas production in the United States. This metric is crucial for understanding energy supply, market dynamics, and 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 volume of natural gas produced in the U.S. over a 12-month period. It is an important indicator of domestic energy production capacity and can inform decisions around energy infrastructure, exports, and regulatory frameworks.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration based on surveys of natural gas producers.
Historical Context
Policymakers and energy analysts closely monitor this trend to assess the health of the U.S. natural gas industry and its broader economic and geopolitical implications.
Key Facts
- Natural gas is a critical energy source for power generation, heating, and industrial processes.
- U.S. natural gas production has grown significantly in recent decades due to advancements in extraction technologies.
- Fluctuations in annual natural gas output can impact prices, trade balances, and environmental considerations.
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 trend is crucial for understanding domestic energy supply, market dynamics, and informing policy decisions around infrastructure, exports, and regulation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on 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 health of the U.S. natural gas industry and its broader economic and geopolitical implications.
Q: Are there update delays or limitations?
A: The Annual natural gas production data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Natural Gas Production (GASPRMCOVMWA), retrieved from FRED.