These top-rated products will help you save!

Average utility bills 2022 - Bankrate.com

Gas; Heating and cooling; Water; Sewer use; Trash and recycling; Internet, phone and cable. How to estimate utility costs for a home.

Key utility bill statistics
Average monthly electric bill: $117.46 (U.S. Energy Information Administration, 2020)
Average annual gas bill: $667 (American Gas Association, 2020)
Average monthly water bill: $112.04 for four-person household (Circle of Blue, 2018)
Average annual internet bill: $1,392 (Parks Associates, April 2022)
Year-over-year increase in energy prices: 32 percent (Consumer Price Index, March 2022)
Year-over-year increase in gasoline prices: 48 percent (CPI, March 2022)
Year-over-year increase in fuel oil prices: 70.1 percent (CPI, March 2022)
Year-over-year inflation rate: 8.5 percent (CPI, March 2022)

  • Turn off and unplug – While this change might seem minor, standby power accounts for 5 percent to 10 percent of residential energy usage, according to the U.S. Department of Energy (DOE). Turning off appliances regularly could save you up to $100 per year.
  • Install ceiling fans – Ceiling fans promote circulation, so you might be able to get away with a higher thermostat setting, which lowers costs.
  • Upgrade to more efficient appliances – Products with the Energy Star label meet government efficiency standards, and sometimes more so. Energy Star refrigerators, for example, are at least 15 percent more efficient than the minimum efficiency criteria. In short, these types of appliances use less energy and can help you save money.
  • Switch to LEDs – Residential LED lighting uses at least 75 percent less energy, according to the DOE, and lasts longer compared to incandescent lighting. The result: an average annual savings of about $225. Pair the LEDs with timers and dimmers to really maximize these savings.
  • Install solar panels – Solar panels produce energy from the sun, a free power source. The cost to install solar panels isn’t cheap, however, but the expense tends to pay off in the long run. You can estimate your potential savings using this tool.
  • Use smart meters – Smart meters are devices attached to appliances that track their energy usage, sending readings directly to the utility provider. If the smart meter shows a spike in usage, you can take steps like using less power or water to reduce consumption.
  • Request an energy audit – A home energy auditor can identify where your home is losing energy. If you make the energy upgrades recommended by the auditor, you could save between 5 percent to 30 percent on your bills, according to the DOE.

by Ruben Caginalp

Have questions about heating oil or propane, choosing the right vendor, or heating your home economically?
See our collection of tips and articles:

A dramatic rise in the cost of heating oil over the past several months has been shocking to sellers and customers alike. “We had never seen above $4 (per gallon), and cleared $4 and $5 this year,” said Jared Trinks, manager of Trinks Brothers Oil in Manchester.
While energy prices dipped in 2020 due to the pandemic, utility bills steadily rose again in 2021 and are now spiking due primarily to the war in Ukraine. The expectation is that energy prices will continue to rise for the time being, exacerbating the squeeze on homeowners and renters alike. Below are key statistics and information on the current energy environment, as well as tips to estimate utility costs and save money.
A vacant home needs maintenance, protection and comes with inherent risks. Ensuring heating system safety is just one of the concerns.
The skyrocketing price of fuel comes as the United States has shipped more refined products like gasoline, diesel, and fuel oil, abroad to supply European markets following Russian President Vladimir Putin’s invasion of Ukraine in February, further tightening the market.
Connecticut homeowners are reeling this spring as oil prices spike at the end of the heating season, tracking rising global demand and markets upended by Russia’s invasion of Ukraine. Oil would jump $1.50 a gallon in a week when oil dealers previously “wouldn’t see 1.50 in a year,” Childs said. She compared her business with gas stations that also are grappling with rapidly rising prices.
Why NOPEC, the US Bill to Crush the OPEC Cartel, Matters | Investing News

Find a better deal on heating oil or propane from local vendors in 30 seconds or less:


Fuelwonk recommends comparing local vendor propane and heating oil prices before you make the decision to fill up your home tank - use our online comparison tool to find the best offers in your area.