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EnerWrap Residential Energy Cost Index

Consumer Costs Going Higher

Author

Jeff Davies
May 17, 2024

Highlights:

  • The average U.S. home uses 10,632 kilowatt-hours of electricity, 68 million Btu of natural gas and 620 gallons of gasoline annually.

  • Using average annual volumes and monthly pricing data, EnerWrap has created a monthly index tracking average 'Energy Costs' for US households - effectively how much does it cost to heat and power your home and fuel your car.

  • In April 2024, the spot index is lower by 2.9% versus a year ago and lower by 5.2% versus 24 months prior.

  • The spot and trailing-12 month index have recently bottomed and are moving higher.

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