August 2022: All-electric homes by state

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for August 2022 examines the households that use electricity as the only source of energy.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

In 2020, 26 percent of U.S. households used electricity as the only source of energy, according to the U.S. Energy Information Administration’s 2020 Residential Energy Consumption Survey. Most U.S. homes use electricity and at least one other fuel, such as natural gas, fuel oil, propane or wood. The most common fuel combination was natural gas and electricity, which were used together in 55 percent of U.S. households. Other combinations had far smaller percentages nationwide: 5 percent of homes used only electricity and propane, 3 percent used only wood and electricity, and 2 percent used only fuel oil and electricity. About 9 percent of U.S. homes used three or more types of energy in 2020. Typically, states with the smallest shares of all-electric homes were in colder climates, where space heating and water heating equipment tend to use natural gas, fuel oil or propane. Fuel infrastructure and availability also affect the type of energy used in homes.

Data source: U.S. Energy Information Administration, Residential Energy Consumption Survey

STOCK WATCH

Company	12-month chart (as of July ’22)	Price (7/21/22)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGPR		$12.00	N/A	10.62	25.34	(18.3%)
Suburban Propane – SPH		15.94	8.2%	13.83	17.75	8.8%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

Featured homepage photo: monsitj/iStock / Getty Images Plus/Getty Images