EPA and oil state senators both try to push for RIN price caps

March 5, 2020 |

In Washington, Reuters reports that the Environmental Protection Agency is looking at capping RIN prices as a potential support to the oil industry who claim they have suffered from high RIN prices and therefore need small refinery waivers, which the U.S. Court of Appeals for the 10th Circuit ruled in January wasn’t being handled properly. DTN reports that Sen. James Inhofe, R-Oklahoma, has similar intentions and submitted an amendment to S. 2657 that would cap RIN prices at 10 cents, which has been supported by other oil state senators.

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Category: Policy

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