In 2023, the US gas consumption was notably high at 32.10 Exajoules. From 2024 to 2028, consumption is projected to grow modestly, moving from 32.35 EJ to 33.13 EJ. Over the two years of 2024-2025, there's a subtle year-on-year increase, reflecting an upward trajectory in gas utilization.
When considering the compound annual growth rate (CAGR) from 2024 to 2028, the progression underscores an average annual growth, though modest, highlighting a steady, incremental rise in gas demand.
Future trends to watch for include:
- Technological advancements in energy efficiency.
- Development of renewable energy sources impacting gas consumption.
- Regulatory shifts and government policies targeting carbon emissions.
- Evolving market dynamics and consumer behavior affecting energy use.
