Refiners saving hundreds of millions in RIN costs

In Washington, Reuters reports that refining companies are receiving hundreds of millions in savings thanks to hardship waivers under the Renewable Fuel Standard by the Environmental Protection Agency. It’s not just Andeavor’s $100 million in cost savings during 2016 and 2017, but CVR’s estimate of $23 million in 2018 costs compared to $249 million last year and $200 million previously estimated for this year, Delek’s $79 million in savings and HollyFrontier’s $71 million in savings.