In 2023, the US gas consumption was approximately 86.5 Billion Cubic Feet Per Day. The forecast from 2024 to 2028 indicates a steady increase in gas consumption, reaching 89.11 BCFD by 2028. The year-on-year growth rates are modest, generally less than 1% annually, suggesting a stable consumption pattern. Over the five-year period, the compounded annual growth rate (CAGR) is projected to be around 0.6%, reflecting consistent, albeit slow, growth.
Future trends to watch for include:
- The impact of renewable energy adoption on gas consumption.
- Potential regulatory changes aimed at reducing carbon emissions.
- Technological advancements in energy efficiency.
- Economic factors influencing industrial and residential gas demand.
