The forecast for motor gasoline closing stock in the UK indicates a gradual increase from 1.14 million metric tons in 2024 to 1.16 million metric tons by 2028. In 2023, the actual value stood at approximately 1.13 million metric tons. The data suggests a stable year-on-year growth, with the percentage increase being approximately 0.87% annually from 2026 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is relatively low, signaling modest but steady growth in gasoline stock levels.
Future trends to watch for include:
- Changes in fuel consumption patterns due to advancements in vehicle efficiency and the rise of electric vehicles.
- Potential policy shifts that could impact gasoline production and storage requirements.
- Economic factors such as inflation and supply chain disruptions that could influence stock levels and forecasting accuracy.