RIN prices sink to 5-year low ahead of White House RFS proposals

In Washington, Reuters reports that RIN prices sank to five-year lows at just 18 cents each on Monday ahead of an anticipated proposal from the White House to reform the Renewable Fuel Standard. RIN production from ethanol exports as well as year-round E15 are two of the proposals previously batted around by the USDA and EPA that will likely be included in the White House announcement. The Renewable Fuels Association is concerned that trade partners will see RIN generations from exports as a direct subsidy.