Key Market Indicators
U.S. demand for biofuels is projected to reach 813 thousand barrels of oil equivalent per day by 2026, an increase of 2% from the 2021 level of 707 thousand barrels. This growth rate has remained steady since 1995, when demand grew by 0.4% annually. Meanwhile, domestic production of biofuels is expected to reach 1,480 thousand barrels of oil equivalent per day by 2026, an increase of 1.8% from the 2021 level of 1,290 thousand barrels. Since 1995, there has been no year-on-year increase in supply.