House Energy and Commerce Committee talks RINs

In Washington, the House Energy and Commerce Committee held its fifth hearing on the Renewable Fuels Standard on Wednesday, focusing this time on educating members about RINs. The chairman of the committee said many of the members don’t understand RINs, so wanted an educational meeting to get them up to speed due to the importance RINs have on fuel prices and consumers.

The most effective way to reduce the prices American consumers are paying at the pump is to let Renewable Identification Numbers (RINs) do the job they were intended to do by stimulating increased ethanol production and blending, the Renewable Fuels Association wrote in a letter the committee and its ranking members.