Commodities Buzz: Energy Use Drops 7.5% In US During 2020

22 Jul 2022 , 01:25 PM

The US EIA noted in a latest update that in 2020, energy consumption declined by a record 7.5% in the United States, mostly as a result of pandemic effects and relatively warmer weather. Data from our State Energy Data System (SEDS) show that declines in energy consumption varied significantly by state. The states that had the largest declines tended to have significantly less energy used in transportation. In all states except Hawaii and Alaska, more motor gasoline is consumed than jet fuel. Of the nine states with at least a 10% decrease in energy consumption in 2020, all had at least a 14% decrease in motor gasoline consumption. Powered by Commodity Insights