RIN price volatility seen continuing in 2020 ahead of Presidential election

In Washington, Platts reports that RIN price volatility is expected to continue in 2020 as the battle between farmers and biofuels interests against the oil industry drags on following the Environmental Protection Agency’s decision to use a three-year average for recuperation of “lost gallons” resulting from small refinery exemptions. The Department of Energy had recommended the calculation methodology whereas the biofuels industry was calling the replacement of actual gallons which the National Biodiesel Board estimates at around 4 billion gallons. With the presidential election in November heating up, the battle between biofuels and oil is likely to follow suit rather than ease up.