Daily Archive: August 4, 2023

U.S. Inflation-Adjusted Energy Spending Increased 25% In 2021

In 2021, the amount U.S. consumers spent on energy (energy expenditures) grew to over $1.3 trillion when adjusted for inflation, a 25% increase from 2020, according to our State Energy Data System (SEDS). Rising petroleum consumption in 2021 following 2020 lows induced by the COVID-19 pandemic and higher average energy prices contributed to the increase in expenditures. Inflation-adjusted per capita U.S. energy expenditures […]