DC Boasts Nation’s Lowest Overall Energy Prices
The District of Columbia is 2015’s least energy expensive state, according to a new report released by WalletHub.
WalletHub compared the total monthly energy bills in each of the 50 states and the District of Columbia and constructed its rankings using eight key metrics that examine the consumption rates and prices of electricity, natural gas, motor fuel and home heating oil.
In terms of overall energy prices Colorado ranked second to Washington DC, followed by Washington state, Oregon and Arizona.
The five states with the lowest electricity prices include the following:
- North Dakota
- West Virginia
The following five states were ranked as having the lowest natural gas prices:
- North Dakota
- Minnesota (tied for 4th lowest)
- Montana (tied for 4th lowest)
Hawaii has the nation’s highest electricity price, at four times the cost of Washington state. The Aloha state also has the highest natural gas price, at seven times the price of North Dakota.
Data used to create the rankings were obtained from the US Energy Information Administration (EIA), the Federal Highway Administration, the US Environmental Protection Agency (EPA) and AAA’s Daily Fuel Gauge Report.
According to the EIA, the highest energy consumption of the year is recorded in July, followed by August.
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