Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease in real terms from 2015. Adjusted for inflation, total energy expenditures in 2016 were the lowest since 2003. Expressed as a percent of gross domestic product (GDP), total energy expenditures were 5.6% in 2016, the lowest since at least 1970. Total U.S. GDP is calculated as the total value of goods and services produced in the United States including energy, and was $18.6 trillion in 2016, 1.5% (in real terms) higher than 2015 levels. U.S. GDP has grown every year since 2010, and U.S. total energy expenditures , which is the amount of money spent to consume energy in the United States, has decreased each year since 2011, leading to the record-low energy expenditure share . The decrease in […]