Information supply: U.S. Power Info Administration, State Power 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% improve from 2020, based on our State Power 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%), they usually rose essentially 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 improve, vitality expenditures in 2021 had been the third lowest in our information collection, which dates again to 1970. Power expenditures as a share of GDP compares the whole sum of money spent on end-use vitality in the US to the worth of all items and companies within the U.S. financial system.
Petroleum merchandise: Motor gasoline, diesel, and jet gas accounted for $757 billion of end-use vitality expenditures in 2021, a 44% improve from 2020. Petroleum merchandise made up the most important 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% improve from 2020. The electrical energy expenditures estimate we publish consists of the sum of money spent on electrical energy by end-use clients, equivalent to companies and houses. We take away the expenditures for major vitality sources (pure gasoline, 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 gasoline: Pure gasoline used for functions aside 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 aside 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 Right this moment In Power weblog.
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