The forecast for Motor Gasoline (excluding biofuel) Gross Available Energy in the UK from 2024 to 2028 indicates a continuous decline. The values are projected to decrease annually. In 2023, the gross available energy level stood at higher levels than forecasted for 2024-2028, marking a persistent downward trend over the forecasted years. Year-on-year, the energy forecasts decline at a rate of approximately 1.35% annually.
Future trends to watch for:
- An increasing shift towards alternative fuel sources that may further impact the demand for motor gasoline.
- Potential regulatory changes focused on reducing carbon emissions could accelerate the decline.
- Technology advancements within automotive industries, favoring electric vehicles, may continue to drive a decrease in gasoline demand.