Pa. 7th-lowest in nation on energy spending
Pennsylvania ranks seventh in the nation in terms of the lowest amount spent on energy, according to personal finance social media network WalletHub.
The residents in the commonwealth spend on average $317 per month on electricity, natural gas and fuel for driving, the website said in its 2014 Most & Least Energy Expensive States, which includes the District of Columbia.
It ranked 28th in terms of money spent on electricity monthly ($109); 39th in terms of money spent on natural gas ($68); and fourth in terms of money spent fueling up vehicles ($140).
"The average monthly natural gas cost is made up of two sub-metrics - average monthly consumption and natural gas price," said Raz Daraban, WalletHub's communications manager. "The rankings are based solely on these two factors. Compared to most other states, the average household in Pennsylvania has the higher consumption and the average price ranked 31st, hence the overall 39th in cost."
As far as the survey goes, the cheapest state for energy is Colorado, which spends a monthly average of $301. The most expensive state is Hawaii at $451.
Analysts used six key metrics to examine the various factors — from the price and consumption of residential electricity to the price of fuel at the pump and number of miles driven — that affect energy costs, according to the report.
The data was provided by the U.S. Energy Information Administration, the Federal Highway Administration, the U.S. Environmental Protection Agency and the AAA’s Daily Fuel Gauge Report.