Mapping Americans’ Energy Costs By State In 2024

Mapping Americans’ Energy Costs By State In 2024

Despite the average energy consumption per person trending downward since 2000, energy cost still represents a significant part of American household budgets.

This map, via Visual Capitalist’s Bruno Venditti, compares the total monthly energy bills in each of the 50 states.

WalletHub calculated each state’s average monthly energy bill by multiplying the average consumption of electricity, natural gas, home heating oil, and motor fuel by their respective prices and adding these amounts together as of June 3, 2024.

Wyoming Leads the Ranking

Wyoming has the highest energy costs in 2024.

The state has the highest gas and residential oil consumption per capita, and residents’ average monthly energy bill is $1,591. Among many factors, the state also has extremely cold winters, and many residents live in remote areas with limited heating options.

North Dakota, another state with harsh winters, has the second-most expensive average monthly energy bill, at $840. Interestingly, aside from heating oil, energy is relatively inexpensive in the state. It’s just high usage that drives up monthly bills.

Iowa is the third-most energy-expensive state, with residents’ average monthly energy bill costing $798, about half of the cost in Wyoming.

Overall Rank State Total Energy Cost
1 Wyoming $1,591
2 North Dakota $840
3 Iowa $798
4 Montana $787
5 Minnesota $782
6 Massachusetts $759
7 Connecticut $750
8 Alaska $716
9 South Dakota $709
10 Virginia $694
11 Rhode Island $690
12 Utah $684
13 Alabama $677
14 Pennsylvania $669
15 Maryland $665
16 New Hampshire $662
18 West Virginia $659
17 Wisconsin $659
20 Indiana $645
19 Maine $645
21 Vermont $644
22 New Jersey $643
23 Ohio $630
24 Illinois $622
25 Washington $618
27 Idaho $591
26 Oregon $591
28 New York $589
29 Hawaii $583
30 Michigan $583
31 Missouri $578
32 Delaware $564
33 North Carolina $557
34 Kentucky $556
35 Arkansas $541
36 Nevada $538
37 Georgia $533
38 South Carolina $533
39 Tennessee $524
40 Oklahoma $477
41 Californa $476
42 Louisiana $474
43 Colorado $470
44 Florida $462
45 Mississippi $457
46 Nebraska $453
47 Texas $437
48 Kansas $436
49 Arizona $400
50 New Mexico $376

Meanwhile, New Mexico is the state with the lowest energy costs, at $376.

According to the U.S. Energy Information Administration, the highest energy consumption of the year is recorded during summer in July, followed by August.

Tyler Durden
Fri, 07/12/2024 – 05:45

via ZeroHedge News https://ift.tt/JZH62iX Tyler Durden

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