Information supply: U.S. Vitality Info Administration, State Vitality Information System Observe: GDP=gross home product

In 2021, the quantity U.S. shoppers spent on vitality (vitality expenditures) grew to over $1.3 trillion when adjusted for inflation, a 25% enhance from 2020, based on our State Vitality Information System (SEDS). Rising petroleum consumption in 2021 following 2020 lows induced by the COVID-19 pandemic and greater common vitality costs contributed to the rise in expenditures.

Inflation-adjusted per capita U.S. vitality expenditures elevated by 25% in 2021 from 2020 to $3,967 per capita, on par with 2019 per capita expenditures. Inflation-adjusted per capita expenditures elevated in each state in 2021. Per capita expenditures in Connecticut rose the least (13%), and so they rose probably the most in Louisiana (43%).

U.S. vitality expenditures accounted for five.6% of gross home product (GDP) in 2021, a rise from 4.8% in 2020. Regardless of this enhance, vitality expenditures in 2021 have been the third lowest in our information collection, which dates again to 1970. Vitality expenditures as a share of GDP compares the full amount of cash spent on end-use vitality in the USA to the worth of all items and companies within the U.S. economic system.

Petroleum merchandise: Motor gasoline, diesel, and jet gas accounted for $757 billion of end-use vitality expenditures in 2021, a 44% enhance from 2020. Petroleum merchandise made up the biggest share (57%) of 2021 U.S. vitality expenditures.

Electrical energy: Electrical energy accounted for $419 billion of end-use vitality expenditures in 2021, a 3% enhance from 2020. The electrical energy expenditures estimate we publish consists of the amount of cash spent on electrical energy by end-use prospects, equivalent to companies and houses. We take away the expenditures for major vitality sources (pure fuel, coal, nuclear, renewables, and petroleum) the electrical energy sector makes use of to generate electrical energy in order that we are able to keep away from double counting expenditures.

Pure fuel: Pure fuel used for functions apart from producing electrical energy, equivalent to heating and cooling houses and buildings, accounted for about 10% ($133 billion) of the nation’s whole vitality expenditures.

Coal: Coal used for functions apart from producing electrical energy, equivalent to steel manufacturing, made up lower than 1% ($4 billion) of the nation’s whole.

Principal contributor: Brett Marohl

Initially printed on the U.S. EIA’s At this time In Vitality weblog.

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