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WalletHub study: 2020’s most & least energy-expensive states

With COVID-19 keeping people indoors more than usual and driving up residential electric bills, the personal-finance website WalletHub released its report on 2020’s Most & Least Energy-Expensive States, as well as accompanying videos.

For a better understanding of Americans’ energy costs relative to their location and consumption habits, WalletHub compared the average monthly energy bills in each of the 50 states and the District of Columbia using a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil.

Energy Consumption & Costs in California (1=Most Expensive; 25=Avg.):

  • Avg. Monthly Energy Bill: $265
  • 7th – Price of Electricity
  • 50th – Electricity Consumption per Consumer
  • 15th – Price of Natural Gas
  • 33rd – Natural-Gas Consumption per Consumer
  • 2nd – Price of Motor Fuel
  • 37th – Motor-Fuel Consumption per Driver

For the full report, please visit: https://wallethub.com/edu/energy-costs-by-state/4833/

This article was released by WalletHub.