In 2023, the actual gross inland consumption of motor gasoline (excluding biofuel) in the UK was a key baseline. Looking at the forecasted values from 2024 to 2028, there is a consistent decrease in consumption. The values from 2024 to 2028 show a steady year-on-year decrement, with the figures showing a discernible negative trend in Terajoules. Over the five-year period from 2024 to 2028, the sector is experiencing a compound annual growth rate (CAGR) that reflects a moderate decline.
Future trends to watch for:
- Continued advancements in electric vehicle technology potentially reducing gasoline consumption further.
- Government policies pushing for greener energy solutions could impact gasoline demand.
- Economic factors like changes in consumer behavior and fluctuating oil prices might influence future consumption rates.