Ranking States By Energy Prices
Americans use energy in many different ways — and all of that energy can take a toll on your bank account.
Electricity, natural gas, motor fuel, and home heating oils all factor into our energy costs.
Let’s examine the states with the best and worst price tags for energy each month, according to the team at Wallethub.
THE CREAM OF THE CROP
#1 – Washington, D.C.
Total Monthly Energy Cost: $217
The nation’s capital is not the place one might expect to have the lowest energy rates. But, the District of Columbia is by far the least expensive place to consume power.
#2 – Washington
Total Monthly Energy Cost: $262
Washington State ranks second for energy costs. States in the Pacific Northwest rank higher than most. Surprisingly, no states from the South or Northeast made the top 5.
#3 – Colorado
Total Monthly Energy Cost: $269
Despite geographical and topological obstacles like the Rocky Mountains and Great Sand Dunes, Colorado manages to keep energy costs down for its residents.
#4 – Oregon
Total Monthly Energy Cost: $275
With heavy rainfall and the Pacific Ocean to draw from, Oregon is an ideal place for consuming energy. However, the price at the gas pump is much higher than the national average.
#5 – Arizona
Total Monthly Energy Cost: $295
One might assume since Arizona is a desert that energy prices would be sky-high. However, the price tag for energy falls well below what most Americans are paying.
THE BOTTOM OF THE BARREL
#47 – Alabama
Total Monthly Energy Cost: $371
Even though the south offers the lowest cost of living in the country, the region stacks up poorly when it comes to energy costs.
#48 – Georgia
Total Monthly Energy Cost: $374
The Peach State is one of the worst for energy prices. This can be attributed to monthly motor fuel costs, which are significantly higher than most states.
#49 – Massachusetts
Total Monthly Energy Cost: $380
The lion’s share of states in the Northeast rank in the middle of pack in terms of energy costs. However, Massachusetts ranks near the bottom.
#50 – Wyoming
Total Monthly Energy Cost: $403
Wyoming’s cost for motor fuel is the highest in the nation. At $246 per month, monthly gas prices are through the roof!
#51 – Connecticut
Total Monthly Energy Cost: $411
The worst state in the union for energy prices is Connecticut. Costs for all types of energy are among the highest in the country when ranked individually.
Did our list surprise you? Read more interesting studies and articles on the Good Guys blog.