New Study Claims Wyoming Is the Most Energy-Expensive State

Being number one is normally a really good thing to thrive for, but there are some instances where holding the top position isn't all it's cracked up to be.

A new study conducted by personal finance website, WalletHub, listed "2022’s Most & Least Energy-Expensive States". Unfortunately, the Cowboy State garnered the top spot for the most energy expensive out of all fifty states and the District of Columbia.

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WalletHub's analysis used a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil.

Here is how Wyoming ranked on each individual metric:

• Motor-Fuel Consumption per Driver - 1st
• Home Heating-Oil Consumption per Consumer - 1st
• Natural-Gas Consumption per Consumer - 8th
• Electricity Consumption per Consumer - 25th

While it's obvious that out motor fuel consumption played a big part in our overall ranking, there were also some other key factors.

• Average Monthly Energy Bill - $738
• Monthly Electricity Cost - $114
• Monthly Natural-Gas Cost - $68
• Monthly Motor-Fuel Cost - $326
• Monthly Home Heating-Oil Cost - $230

It seems like a stretch that the average Wyomingite is spending close to $750.00 monthly on energy costs, but with gas prices as high as they are right now, it puts a lot of things into perspective.

After crunching my own person monthly costs (which was pretty close to $650.00), it proved that WalletHub was definitely on point with the study, no matter how hard it was to admit.