Forecast: Total Support on Natural Gas for Residential in the US

The total support on natural gas for residential use in the U.S. is forecasted to decline significantly from 2024 to 2028. Starting at $843.47 million in 2024, it is expected to decrease to $360.84 million in 2028. This represents a year-on-year decrease, indicating a consistent downward trend. Looking backward, by comparison, the figure stood higher in 2023, suggesting a decrease into 2024. The compound annual growth rate (CAGR) over the next five years is negative, depicting an average decrease per year.

Future trends to watch for include:

  • Shifts in energy policies promoting renewable energy sources.
  • Technological advancements in energy efficiency reducing residential gas consumption.
  • Impact of economic factors such as inflation on energy prices.
  • Changes in consumer behavior towards more sustainable energy usage.

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