RIN prices jump after Goldman Sachs predicts tight RIN market through 2017

In New York state, Goldman Sachs has warned that next year’s higher biofuels blending requirements under the Renewable Fuel Standard could lead to tightness in the markets, which in turn saw RIN prices jump several cents. Goldman said in its report that RIN supplies have been drawn down, along with stocks for renewable fuels. It says inventories of RIN credits were around 1.87 billion gallons earlier in the year and could fall by 1 billion gallons between now and 2017.