Report: Colorado is this year’s least energy-expensive state — almost
Author: Erin Prater - July 12, 2018 - Updated: July 12, 2018
It’s never fun thinking about energy bills — especially in the middle of summer, when soaring temperatures often lead us to crank up the AC, only to regret it when it comes time to pay.
But the energy bills appearing in mailboxes throughout Colorado don’t pack as much punch as those in most of the rest of the country, according to a new report.
Colorado is the second least energy-expensive place to live in the U.S. this year, only bested by Washington, D.C., according to a Wednesday press release from WalletHub.
Its study “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.”
The average Coloradan’s energy bill: $252/month, compared to $203/month in D.C. and $372/month in Wyoming, the most energy-expensive state this year, according to WalletHub.
Colorado ranked third when it came to lowest natural gas prices, bested only by North Dakota (No. 1) and Montana (No. 2). The state received largely positive marks for its electricity consumption per consumer and motor-fuel consumption per driver. It ranked a hair above average when it came to the price of electricity, and slight more above average when it came to the price of motor fuel.
You can view how all states ranked on a variety of measures here.