How do energy costs in your state compare to other states?
By Marc Priester on Monday, July 21st, 2014
1 = lowest cost; 51 = highest cost
green = low cost; red = highest cost
Energy costs can spike in the summer time, when many people would probably rather sit inside and crank up the A/C. But for some states, that cost is significantly higher than others. Wallet Hub decided to compile data from all of the states to determine the energy cost that individual consumers incur. The above graphic scales states from the best to worse in terms of energy cost. The greener states denote lower cost while redder states mean higher. They are also numerically ranked, with “1” meaning the lowest cost and “51” meaning the highest cost. Their are 51 counted entities with the District of Columbia included.
One metric they determined is the “Total Energy Cost,” which is the sum of monthly electricity cost, monthly natural gas cost and monthly fuel cost. They then ranked states from cheapest to most expensive for total energy cost. Topping the list for cheapest states was Colorado, followed by Washington and Montana. The most expensive are Connecticut, Mississippi and Hawaii coming in at 49, 50 and 51 respectively.
A couple of noteworthy facts about energy usage: while total energy cost are among the highest in the American Southeast and Southwest (generally hotter states), the American Northeast is also plagued by high energy cost. West Coast states California, Oregon and Washington keep their total energy cost lower.
The report also gives a more nuanced look of energy consumption and cost across a broad range of metrics. This includes highest fuel consumption per driver, which was Oklahoma, and the lowest being Alaska.
There are many ways consumers can save on their energy bills. Small changes like using LED or CFL light bulbs, having the correct sized pot on a stove, and replacing windows in your home can save hundreds of dollars over the course of a year. Buying hybrid or electric cars will not only reduce your carbon footprint, but also how much you spend on gas.
You can read the entire report here.