Oversupply of RINs could still keep prices low despite increased blending

August 26, 2019 |

In Washington, Reuters reports that RIN markets have responded positively to the news that President Trump wants to boost ethanol blending by 500 million gallons in an effort to reduce demand destruction for ethanol created by the issuance of hardship waivers by the Environmental Protection Agency, but excess RINs in the market could weigh on any potential price rebound. On Friday, D6 RINs were trading at 15.75 cents compared to 88.75 cents two years ago.

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