In 2016, U.S. energy expenditures per unit GDP were the lowest since at least 1970

In 2016, U.S. energy expenditures per unit GDP were the lowest since at least 1970
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.