California Ranks in Top 10 for Highest Energy Costs April 16, 2009Posted by Tom in Energy costs, energy savings, Research, Studies.
The Small Business & Entrepreneurship Council released their Energy Cost Index for 2009 ranking the states in order of energy prices, taking into account electricity and gas costs. Unsurprisingly, California came in at #44 tied with New Hampshire; in other words, we have the seventh highest energy prices in the nation. However, the title of state with the highest energy costs went to Hawaii, while the the lowest energy prices are in Wyoming, followed closely by Idaho.
Chief Economist at the SBE Council wrote in the introduction to the Index, “The costs of energy are impacted by a variety of factors, including economic growht, investment in exploration and evelopment of resources, the particular energy resources being utilized (such as coal, natural gas or renewables), political risks (for example, in terms of risks to oil production at home and around the globe), and government mandates, regulations and taxes.”
This news kind of makes me want to move to Wyoming, considering the current state of the economy and how difficult it is to shell out wads of cash to keep the lights on every month. However, this report is a good reminder that because energy prices are so high, there is a lot of potential there for big savings, if we monitor our energy use habits. So before you leave the house with the lights on, blast the air conditioning or drive to the store that is a couple blocks away instead of walking, think about how much energy – and money – you could be saving. To download the full list of states and their rankings, click here.