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.

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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.

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