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Markets & Business, Markets & Trends

How Does Your State Stack up on Energy Prices?

25 Jul , 2014  

Gita Subramony for Zondits, July 25, 2014

Wallethub, a finance website, has pulled together some data on energy prices across the USA. Their nifty map ranks states on electricity, natural gas, and gasoline prices as well as usage. Colorado takes top honors with moderate energy prices and moderate usage. Hawaii comes in at the bottom even though their usage per consumer is lower than all other states except for Maine; the primary reason here is that energy prices are super high since the island is so far away from energy resources. Mississippi comes in second to last. Georgia, despite having modest energy prices ranks towards the low end. The state has high consumption per consumer attributable to hot summers, lots of drivers, and subpar execution of efficiency programs and policies.

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U.S. State Energy Costs: Who Pays Most, Least

National Geographic, July 15, 2014

The price of electricity isn’t bad in Georgia—26 percent lower than the national average, by one measure. But as a new study shows, when it comes to the energy-cost line in U.S. consumer budgets, there’s a lot more to it than how many cents per kilowatt hour the local utility charges.

WalletHub, a personal and small-business finance website, tallied the prices of electricity, natural gas and gasoline—and, significantly, took into account how much of the stuff people tend to use—to get a handle on the financial toll that energy exacts in the 50 states and the District of Columbia.

The study reveals that the range is great, from an average of $301 a month in Colorado at the low end, to $347 in New Hampshire in the middle, to $451 in Hawaii at the high end.

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