Money & The Economy

Energy Costs Rise Most in Eight Northeastern States, California and Illinois

New Study Finds Energy Cost Increases From $623 to $2,682 per year from 2020 – 2022

A new study released today documents state-level homeowner energy cost increases from 2020 to 2022. Results from the Jackson Associates study show energy costs and inflation rankings of individual states detailed by dwelling and commuting gasoline costs along with state average energy costs.

“The geographic concentration of results and disparity across states is striking,” said Dr. Jerry Jackson, author of the white paper. “States that had the highest energy costs in 2020 have suffered the greatest percentage price increases – a real double whammy. The greatest energy inflation is concentrated in eight northeastern states with California and Illinois rounding out the worst ten. Southern and Western States predominate the best ten. “

Summary results are shown below for the worst and best 10 states. Detailed results for all states are available at https://maisy.com/energy_cost_inflation.htm 

10 Worst and 10 Best States for Homeowner Dwelling and Commuting Energy Costs
Summary Results: 10 Worst and 10 Best States for Homeowner Dwelling and Commuting Energy Cost Increases 2020 – 2022
RankStateEnergy Cost Increase% Increase2022 Average Energy Cost
1NH$2,68259 %$7,254
2ME$2,47362 %$6,476
3VT$2,35956 %$6,557
4CT$2,34147 %$7,353
5MA$2,25146 %$7,110
6RI$2,19048 %$6,772
7NY$1,99246 %$6,317
8NJ$1,89345 %$6,099
9CA$1,86745 %$6,019
10IL$1,85862 %$4,867
40WY$1,19939 %$4,247
41FL$1,18039 %$4,190
42AL$1,17634 %$4,634
43KY$1,15937 %$4,294
44OR$1,15239 %$4,112
45ID$1,13647 %$3,545
46MS$1,05636 %$3,990
47NV$1,05638 %$3,865
48LA$92335 %$3,570
49AR$62324 %$3,258

Results are based on a stratified sample of owner-occupied dwellings in each of nearly thirty-thousand ZIP codes drawn from MAISY Databases. State variations reflect “cost increases” rather than “price increases” determined by commuting distance and increases in gasoline prices and dwelling energy use and energy price increases.

Content created by Conservative Daily News and some content syndicated through CDN is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details and requirements.

Carl Fox

Carl Fox is the senior money and finance writer for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Share
Published by
Carl Fox

Recent Posts

Trump Faces 34 Felonies at Trial. But Was There a Crime?

WASHINGTON — I can't tell you how many people I know who do not like…

2 hours ago

Meet The Former Biden DOJ Official Who Jumped Ship To Prosecute Trump

One of the prosecutors working on Manhattan District Attorney Alvin Bragg’s case against former President…

9 hours ago

Biden’s Former ‘Disinformation’ Czar Teams Up With Liberal Operatives For New Gig

Nina Jankowicz, previously the head of the Biden administration’s ill-fated “Disinformation Governance Board,” is teaming…

9 hours ago

Joe Biden’s Orwellian “Good People on both Sides” Moment

“Thought crimes [in George Orwell’s novel 1984] are things that some ideology deems it wrong…

9 hours ago

Tesla Reports One Of Its Worst Quarters In Years In Latest Sign Of Trouble For EV Market

Tesla disclosed a shaky earnings report to the public on Tuesday in the latest sign…

9 hours ago