Folks drive more in Wyoming
Colorado is cheapest state in the county when it comes to the cost of energy, according to a survey by WalletHub, the personal finance website.
WalletHub’s review is based on eight measures: average monthly electricity consumption and retail electric price; average monthly consumption of natural gas and its retail price; average motor fuel price and miles travel; average monthly home heating oil consumption and the price of heating oil.
Toting up all those factors Colorado came out with the lowest energy bill followed by Washington State, Oregon and Arizona.Thanks to all the hydropower in the Northwest, Washington has the lowest residential electricity rates in the nation at 8.8 cents a kilowatt-hour, according to the federal Energy Information Administration.
Washington, D.C. actually placed first, but it isn’t a state and benefits from among other things being more compact and having a lower gasoline bills. Divers in Wyoming, which is a darn sight bigger and more spread out than the district, had a motor-fuel consumption rate three times as high as those in DC drivers.
Wyoming was the second most expensive state for energy after Connecticut, which has an average electricity charge of 22.2 cents a kilowatt-hour compared with 12 cents in Colorado and 10.9 cents in Wyoming. Connecticut also has homes that rely on expensive home-heating oil.
In Northeastern states, between 10 percent and 66 percent of households use heating oil for heating, compared with less than 3 percent of households in the rest of the U.S., WalletHub found.
The least energy expensive states in the survey were:
1. Colorado
2. Washington
3. Oregon
4. Arizona
5. New Mexico
6. Illinois
7. Florida
8. California
9. Louisiana
The most energy expensive states were:
1. Connecticut
2. Wyoming
3. Massachusetts
4. Rhode Island
5. North Dakota
6. Vermont
7. Maine
8. Oklahoma
9. Georgia
