10 States With the Highest Energy Prices

Source: Thinkstock

Source: Thinkstock

Energy, as we all know, is the world’s most valuable resource. It’s traded, speculated upon, and bet on by Wall Street brokers, private enterprises, and legislators almost every day. Enormous effort is put in to ensure that prices remain low and affordable for U.S. residents, but as the country is a mish-mash of federal and local governments all putting their own rules into play, things can become muddled.

Each state has its own advantages; places like Texas and North Dakota have separated themselves as leaders in the production of crude oil and natural gas, driving in lots of commercial activity and making stacks of money in tax revenue. Other states, notably those located far from traditional centers of production, have a hard time keeping costs down. Places like the New England and far-flung states like Hawaii have always been ranked toward the bottom when it comes to energy prices, and that still holds true today. Many of those states have implemented nuclear sources, along with solar and wind to help reduce their dependence on imports, but its still a work in progress.

We recently took a look at the states with the lowest energy prices, most of which are big-time producers of crude oil and natural gas. North Dakota and Texas were headliners, as mentioned previously, and the Gulf Coast states were also places where energy costs remain low. The U.S. Energy Information Administration has supplied numbers showing the average cost per one million BTUs, or British Thermal Units, for each state. Using those numbers, we can determine the states with the highest average energy costs.

Here are the ten states with the highest energy prices in the nation. There are a variety of factors that play into each state’s circumstances, but many share commonalities. Resources, land area, and proximity to production hubs are the major elements, but there are a lot of things at play.

Read on to see the top ten states for high energy prices.