North Dakota At #4 -- But Well Above Texas, Oklahoma, Alaska -- Doing More With Less -- August 15, 2019
Link here.
According to the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), every state saw increased total energy expenditures and total energy expenditures as a percentage of gross domestic product (GDP) in 2017 compared with the previous year. Only the District of Columbia had a decrease in total energy expenditures. States such as Louisiana, Mississippi, and Wyoming, which tend to have relatively more energy-intensive industries, have a much higher percentage of energy expenditures per dollar of GDP. The District of Columbia and states that have concentrated urban areas with less energy-intensive industries, such as Massachusetts and New York, have the lowest expenditures per GDP.
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U.S. total energy expenditures (the amount of money spent to consume energy in the United States) increased in 2017 for the first time since 2014, reaching $1.14 trillion. U.S. GDP, calculated as the total value of goods and services produced in the United States including energy, totaled $19.5 trillion in 2017, 4% more than 2016 levels in nominal terms and 2% more in real terms (adjusted for inflation).
In 2017, U.S. energy expenditures per GDP reached 5.8%, up from a record low of 5.6% in 2016, after its first annual increase since 2011. These increases are primarily a result of increased average U.S. energy prices, up almost 9% nationally from 2016 to 2017. Average U.S. prices for petroleum and natural gas increased by 14% and 13%, respectively, and electricity prices increased by 2%. Total U.S. energy consumption increased by less than 1% during the same time.
Louisiana had the highest energy expenditures per GDP of any state in 2017 at 13.5%. In this ranking, Louisiana has been the highest every year since 1997, the earliest year for which EIA has state data. In 2017, 50% of the state’s total energy expenditures occurred in the industrial sector, which includes its energy-intensive petrochemical industry. Overall, Louisiana’s total energy expenditures increased by nearly 21% from 2016 to 2017, the largest percentage increase of any state during that period.
Much more at the link.
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