WalletHub: Connecticut is Most Energy-Expensive State

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Connecticut (WTNH) –  July is usually one of the month with the highest energy bills. A new study by the personal-finance website WalletHub conducted an in-depth analysis of 2016’s most and least expensive states when it comes to energy costs.

The study says that the poorest of Americans which accounts for about 25 million households spends 22 percent of their total after-tax income on energy costs.

For a better understanding of our energy costs relative to where we live and how much we consume, WalletHub’s analysts 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.

 

Energy Consumption & Cost in Connecticut (1=Most Expensive; 25=Avg.):

Avg. Monthly Energy Bill: $404

3rd – Price of Electricity

11th – Price of Natural Gas

30th – Natural-Gas Consumption per Consumer

14th – Price of Motor Fuel

3rd – Price of Home Heating Oil

2nd – Home Heating-Oil Consumption per Consumer

For the full report, please visit:

https://wallethub.com/edu/energy-costs-by-state/4833/

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