Texans have once again demonstrated their commitment to energy efficiency, earning recognition as the third least expensive state in terms of energy savings, according to a recent WalletHub report.
Texan energy savings
The study found that Texans enjoy an average monthly energy savings of just $379. This figure includes electricity costs averaging around $153, natural gas expenses totaling $68, and vehicle fuel expenditures of $158. It’s worth noting that home-heating oil consumption in the state is negligible, contributing to overall energy savings. Notably, Texas also ranks fifth for the lowest natural gas consumption per consumer and boasts the nation’s third most affordable gas prices. According to the national average of $3.52 per gallon, Texans benefit from an average gasoline price of $3.13 per gallon compared to AAA.
The rankings were determined by comparing each state’s average monthly energy bills and the District of Columbia. WalletHub gathered data from reputable sources for energy savings, including the U.S. Census Bureau, Federal Highway Administration, and National Highway Traffic Safety Administration.
Joining Texas among the top five least energy-expensive states are Kansas and Nebraska, both sharing the 47th spot with an average energy cost of $384, according to HoustonTX news. New Mexico ranks at number 50, with residents spending $373 monthly on energy savings. Meanwhile, residents of the District of Columbia claim the title for the nation’s lowest energy savings, with a monthly expenditure of only $274.
On the other end of the spectrum, Wyoming takes the crown for the most expensive state regarding energy savings. Wyoming residents face an average total energy cost of $844 per month. This includes $117 for electricity, $78 for natural gas, $287 for vehicle fuel, and $362 for home-heating oil consumption.
Following Wyoming, the top five most energy-expensive states are North Dakota ($645), Alaska ($613), Connecticut ($593), and Massachusetts ($589).
An economics and public policy professor at Carnegie Mellon University, Karen Clay, shed light on the factors contributing to varying energy costs across states. Availability of resources, such as natural gas, coal, and renewable sources, along with energy distribution costs and state policies on efficiency and environmental impact, all play a role in determining energy expenses.
Texans can take pride in their impressive energy savings achievements, as their low consumption leads to significant energy savings and promotes sustainable resource management.