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 power (power expenditures) grew to over $1.3 trillion when adjusted for inflation, a 25% enhance from 2020, in keeping with our State Vitality Information System (SEDS). Rising petroleum consumption in 2021 following 2020 lows induced by the COVID-19 pandemic and larger common power costs contributed to the rise in expenditures.

Inflation-adjusted per capita U.S. power 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 essentially the most in Louisiana (43%).

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

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

Electrical energy: Electrical energy accounted for $419 billion of end-use power 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 clients, corresponding to companies and houses. We take away the expenditures for major power sources (pure fuel, coal, nuclear, renewables, and petroleum) the electrical energy sector makes use of to generate electrical energy in order that we will keep away from double counting expenditures.

Pure fuel: Pure fuel used for functions aside from producing electrical energy, corresponding to heating and cooling properties and buildings, accounted for about 10% ($133 billion) of the nation’s complete power expenditures.

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

Principal contributor: Brett Marohl

Initially printed on the U.S. EIA’s Right now In Vitality weblog.

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