In the New York Times, the paper released an interactive chart demonstrating the rise of the price of a RIN credit since the beginning of 2012. The paper pegs the current number around $0.62, with the peak at $1.33 in July, highlighting when Morgan Stanley alluded the “upside” scenario where RINs could trade for $2 to $5. The accompanying article centered on Wall Street’s attempts to exploit the RIN Market, discussing JPMorgan as well as Morgan Stanely as the companies downplayed their involvement in the rising RIN prices.
More background on the story from the Digest
Category: Producer News