• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 10 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 10 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 11 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 2 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 8 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 11 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 12 days Goldman Betting on Cryptocurrencies
  • 15 days Сryptocurrency predictions
How Putin Is Stopping A Revolution At Home

How Putin Is Stopping A Revolution At Home

Putin is actively attempting to…

China's Extraordinary Covid Protests

China's Extraordinary Covid Protests

Extraordinary protests across China appear…

Oil & Gas 360

Oil & Gas 360

From our headquarters in Denver, Colorado, Oil & Gas 360® writes in-depth daily coverage of the North American and global oil and gas industry for…

More Info

Premium Content

U.S. Energy Expenditure Level Lowest In Over A Decade

The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2 percent of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately 20 percent lower than expenses in 2014, which totaled a little over $1.4 trillion.

Decreases in transportation prices

Transportation expenditures made up approximately 45 percent of the $1.127 trillion, or about $507 billion. Transportation expenditures include expenditures for fuels for automobiles, rail lines, aircraft, and ships and barges. Transportation expenditures experienced a decrease of 28 percent due largely to decrease in fuel prices.

(Click to enlarge)

Source: EIA

The EIA’s report shows that declines in petroleum product prices accounted for the majority of the overall price decline. The petroleum fuels made up the majority—97 percent—of total consumption in the transportation sector.

Decreases in expenditure, despite growth

Related: China Prepares For A Natural Gas Import Boom

The amount money spent on energy decreased despite a growing economy and growing energy use. Over 2015, the U.S. GDP increased by 2.6 percent, and energy use in transportation increased by 1 percent.

A state breakdown

Approximately 11 percent of the total U.S. energy expenditures in 2015 were attributed to California and the state’s transportation expenditures accounted for 6 percent of the total U.S. energy expenditure. The transportation expenditures made up the majority of 47 of the 51 states’ energy expenditures, with only Connecticut, Rhode Island, Louisiana, and the District of Columbia having other sectors dominate the expenditure.

(Click to enlarge)

Source: EIA

Texas claimed the highest expenditure on petroleum—spending $75 billion; California had the highest expenditure on natural gas—spending $10.7 billion; Pennsylvania spent the most on coal—$800 million; and Georgia spent the most on wood and waste biomass, at $600 million.

By Oil and Gas 360

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News