Gasses have mass and behave like any fluid. The larger pipe reduces the velocity which reduces losses around bends and cuts frictional loses due to contact with the inside of the pipe and additional turbulence. I forget but I think air drag increases as roughly the 4th power of velocity but it may be the 3rd power. I'm surprised they reduce the pipe diameter that much at the meter even if it is a short run. After the pressure regulator, located somewhere before the meter, the high distribution pressure is reduced to something in the 'inches of water' range. 5" sticks in my mind and I used to know that too. Long long time ago. When I lived in a house with gas service I do remember the high pressure was around 60 psi from the street thus they could use a small diameter plastic pipe for the runs before the pressure regulator.
Hope this answers your question.
Al
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