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September 20, 2017

WalletHub Study: Rhode Island Is 2017’s 3rd Most Energy-Expensive State


With President Donald Trump recently announcing efforts to expand the nuclear-energy sector and export more coal – as part of his “America First Energy Plan” to reduce foreign oil dependence and costs for consumers – the personal finance website WalletHub conducted an in-depth analysis of 2017’s Most & Least Energy-Expensive States.

For a better understanding of Americans’ energy costs relative to their location and consumption habits, WalletHub’s analysts 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 Rhode Island (1=Most Expensive; 25=Avg.):

  • Avg. Monthly Energy Bill: $329
  • 5th – Price of Electricity
  • 8th – Price of Natural Gas
  • 17th – Natural-Gas Consumption per Consumer
  • 15th – Price of Motor Fuel
  • 8th – Price of Home Heating Oil
  • 4th – Home Heating-Oil Consumption per Consumer

 

Main Findings (scroll over states to see how they ranked)

Source: WalletHub

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