RINs jump 18% on news Trump wants all gap year requests denied

September 9, 2020 |

In New York state, Reuters reports that RIN prices skyrocketed a two-year high of 55 cents for D6 credits on the back of its exclusive story that President Trump told the EPA to deny all gap-year SRE applications. The RIN prices, not seen that high since March 2018, were nearly 18% higher than the day before. If the nearly 70 applications for waivers are denied, refiners will have no choice but to dip into the RIN market to buy enough credits to cover their obligations which they were hoping to avoid, claiming that complying with the Renewable Fuel Standard jeopardizes their economic viability.

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Category: Fuels

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