RIN prices rise on the back of expectation EPA won’t approve some waiver applications

In Washington, Reuters reports that RIN prices rose last week on the back of statements from the administrator of Environmental Protection Agency’s that the agency may reject some applications for hardship waivers due to RIN prices being so low. RINs for 2018 compliance rose on Thursday to 13 cents from 8 cents while RINs for 2019 compliance rose to 19 cents from 16 cents. He said that with RIN prices much lower than they were last spring, companies shouldn’t have a hard time complying with the Renewable Fuel Standard.