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World Oil Consumption

Global oil demand in 2014 is higher than previously forecast, after consumption in the U.S. rebounded to its strongest level in five years, according to the International Energy Agency.The IEA estimates that demand will increase by 1.2 million barrels a day, or 1.3 percent, to 92.4 million a day in 2015. As countries with large populations continually grow, and become more modern, the amount of global oil consumption increases exponentially. More and more people are driving automobiles as these countries become modernized.

oil

Residential Electricity Prices

In average American household the electricity bill will read 903 kilowatt hours (kWh), which costs $107, per household, every month. Other factors come into play, such as whether a state is hot or cold, urban or rural, time of year, etc. An average household can use as little as 531 kWh a month in states such as Maine or as much as 1,245 kWh in Louisiana. There is variation in prices from state to state, for example, Hawaiians pay the most for electricity ($203 a month) and New Mexicans pay the least ($75 a month).

Electricity

Electricity prices have been on a steady rise since 2006 in both Europe and the United States.

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