Gas rates refer to the cost consumers pay for natural gas used in homes and businesses. These rates can vary based on factors such as location, demand, and the supplier's pricing structure. Utility companies often set these rates, which can change seasonally or annually. Consumers typically receive a bill that includes the gas rate multiplied by the amount of gas consumed, measured in therms or cubic feet. Understanding gas rates helps individuals manage their energy costs and make informed decisions about their energy usage and conservation efforts.