In 2023, the tax expenditure on natural gas for all sectors in the US stood below the forecasted value of 1.05 billion USD for 2024. An analysis of the forecasted years indicates a steady decline, with year-on-year decreases as follows: 6.05% from 2024 to 2025, 6% from 2025 to 2026, 6.3% from 2026 to 2027, and 6.67% from 2027 to 2028. Over the five-year forecast period (2024-2028), this reflects a compound annual growth rate (CAGR) showing an average decrease of around 6.26% per year.
Future trends to watch for include shifts in energy policy, technological advancements in renewable energy sources, and market dynamics of natural gas pricing. These factors could further influence tax expenditure patterns, potentially accelerating a move towards alternative energy sources or altering government fiscal policies to support the energy transition.
