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A dryer is one of the least energy efficient appliances in a home and can easily account for 10% or more of energy usage. However, the concern over its cost is often somewhat exaggerated, as neither electric nor gas dryers cost more than $100 to $150 a year to operate â depending on local electricity and gas prices. This makes the appliance much cheaper to run than, for example, an electric water heater or refrigerator.
Gas vs Electricity Cost per Load. In my location, it is way cheaper to run a gas dryer than it is an electric dryer. Gas vs Electricity Cost per Month. When you consider we do 6 loads of laundry a week (family of 4) the numbers really start to stand out. All calculations from this point are linear, meaning, the costs for both the electric dryer and gas dryer will increase at the same rate and ratio. 1  Electric Dryer = 6 loads x $0.67 = $4.02 per week. 2  Gas Dryer = 6 loads x $0.16 = $0.96 per week. 3  Electric Dryer = $4.02 per week x 4 weeks = $16.08 per month.