Energy costs more, but we use less

PHOTOGRAPH NASA

Thanks to gains in efficiency and cutbacks in consumption, the U.S. is on pace to use 7 percent fewer BTUs of energy in 2012 than four years ago. Slightly higher prices for gasoline, heating oil, and electricity have eaten into those savings. Consumers are likely to spend $641 billion on energy in 2012, down about 2 percent from 2008.

ELECTRICITY

It costs about a third of a penny more per kilowatt hour to keep the lights on than it did four years ago.

MORE RENEWABLES

Through the first six months of 2012, the U.S. consumed 20 percent more renewable energy than it did during the first half of 2008.

NUCLEAR

The share of U.S. electricity produced at nuclear power plants has held steady over the last four years at about 20 percent.

GASOLINE

Americans paid on average $3.72 for a gallon of gasoline in the first three quarters of 2012, compared with $3.62 in the same 2008 period. In between, prices peaked at $4.16 a gallon and fell as low as $1.67. We’re also using an average of 257,000 fewer barrels per day than in 2008.

LESS FOSSIL FUEL

The country is on pace to consume 10 percent less energy generated by fossil fuels than in 2008.

COAL

Coal consumption is being displaced by cheaper, cleaner natural gas and is set to decline 27 percent this year from 2008.

HEATING OIL

The cost of heating a home has seen huge swings since 2008. Home heating oil peaked at $3.80 a gallon in June 2008 and bottomed at $1.27 in March 2009. So far this year, the price has averaged $3 a gallon, up 15¢ from 2008.

NATURAL GAS

In four years, natural gas prices crashed 85 percent, from $13.38 per million BTUs in July 2008 to $1.95 this spring, the lowest in a decade.

SOURCE U.S. Energy Information Administration

Welcome!

Magazines Review offers you a broad range of popular American magazines online. Browse an extensive directory of magazines, covering most important aspects of your life. Find the most recent issues of your favourite magazine, or check out the oldest ones.

About content

All the articles are taken from the official magazine websites and other open web resources.

Please send your complains and suggestions through our feedback form. Thank you.