In Illinois, RIN prices are soaring with prices having hit $1 each on Friday, a fact which Valero told the Wall Street Journal will likely get passed on to consumers later down the line. Prices are up because blenders refuse to add more than 10% ethanol at the pump but the blending mandate requires more ethanol in the fuel mix, so if they choose to not buy ethanol, blenders must buy RINs.
Category: Fuels