The UK motor gasoline gross inland consumption excluding biofuel is forecasted to decline steadily from 2024 to 2028. The decrease from 2024's level to 2025 is approximately 1.4%, continuing with similar declines annually at around 1.3% through 2028. Looking from 2023's baseline, the downward trend reflects a compounded annual growth rate (CAGR) of approximately -1.4% over the five-year period till 2028.
Future trends to watch for include:
- The impact of increasing electric vehicle adoption on gasoline demand.
- Government policies promoting greener energy sources and their potential to accelerate the transition away from gasoline.
- Fluctuations in global oil prices influencing gasoline consumption.