Average Price: Utility (Piped) Gas per Therm in Scranton, PA (CBSA)
APUA10672620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-8.98%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of utility (piped) gas per therm in the Scranton, PA metropolitan area. It provides important data on energy costs and consumer prices for policymakers and analysts.
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 Scranton, PA (CBSA) metric tracks the average retail price paid by consumers for natural gas delivered through pipelines in the Scranton, Pennsylvania metropolitan statistical area. This data is used to analyze regional energy market dynamics and household energy expenditures.
Methodology
The data is collected through surveys of natural gas utilities serving the Scranton CBSA.
Historical Context
This price trend is relevant for assessing the cost of living, consumer inflation, and the state of regional energy markets.
Key Facts
- Scranton is the largest city in northeastern Pennsylvania.
- Natural gas is a major heating fuel for homes in the region.
- Prices can fluctuate based on national energy market conditions.
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 Scranton, Pennsylvania metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This price data is important for analyzing regional energy market dynamics, consumer energy costs, and household expenditures in the Scranton area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of natural gas utilities serving the Scranton CBSA.
Q: How is this trend used in economic policy?
A: This price trend is relevant for assessing the cost of living, consumer inflation, and the state of regional energy markets, which informs policymaking.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Average Price: Utility (Piped) Gas per Therm in Scranton, PA (CBSA) (APUA10672620), retrieved from FRED.