The tax expenditure on all fossil fuels for transportation in the U.S. was stable at $1.03 billion in 2023. Forecast data suggests a slight decrease, remaining at $1.02 billion from 2024 to 2026 and then dipping to $1.01 billion in 2027 and 2028. The year-on-year change indicates a 0.97% decrease from 2026 to 2027 and remains steady from 2027 to 2028. The compound annual growth rate over these five years shows a flat trend, with minimal variation indicating stable expenditure expectations.

Future trends to watch for:

Potential policy changes impacting fossil fuel taxation, possibly influenced by environmental concerns.
Technological advancements in transport leading to reduced fossil fuel reliance.
Fluctuations in global oil prices affecting domestic tax strategies.