RIN prices fall to lowest level since January 2014
October 8, 2018
| Meghan Sapp
In Texas, Platts reports that RIN numbers fell to their lowest level since January 2014 last week at 33.5 cents/RIN for D4 ethanol RINs for 2018 compliance. As the Environmental Protection Agency continues to grant hardship waivers for smaller refiners, the amount of RINs required for compliance falls and pushes down the price of RINs in turn. Oil refiners have complained regularly that one of the Renewable Fuel Standard’s faults is the high cost of compliance through a “speculation-ridden” market that “manipulates” the price of RINs.
Category: Fuels