In New York state, Platts reports that as a result of the news the Biden Administration is looking to reduce the biofuel blending mandate in 2021 and 2022 to support oil refiners, D6 RIN prices fell to a three-month low of $1.25, down 19.75 cents from Tuesday. The 2021 blending mandate should have been published […]
In Washington, Bloomberg reports that the Biden Administration is exploring lower biofuel blending volumes for 2021 and 2022 in an effort to help oil refiners that have been suffering from high RIN prices that have reached as much as $2 each recently. With the suggested blending mandates expected to be published by the Environmental Protection […]
In Washington, Bloomberg reports that RIN prices are soaring, in part due to increased fuel consumption and in part due to expectations that refineries won’t be able to get out of their obligations to buy RINs. Some analysts say that may lead to RIN hoarding, which will boost RIN prices further. Ethanol production remains below […]
In New York state, Reuters reports that RINs have soared to three-year highs after the Environmental Protection Agency failed to issue blending volumes for 2021 before the end of 2020 with D6 RINs trading at 79.5 cents on Monday while D4 RINs traded at $1.04. After failing to release the proposed rule earlier this summer […]
In New York, Platts reports D4 prices rose to their highest level since December at 56 cents/RIN on the back of expected higher blending mandates from the Environmental Protection Agency. Between higher blending expected for 2021 and fewer waivers that will likely be granted under the small refinery exemption program following significant scrutiny, prices have […]
In Washington, Platts reports that RIN prices trading at a fraction of what they were a year ago— just 1.74 cents/gal last week compared to 94.5 cents/RIN on October 23, 2017—have encouraged imports of gasoline from Europe and Canada into East Coast ports, especially since many refiners are running below capacity and Philadelphia Energy Solutions […]
In Texas, Platts reports that RIN numbers fell to their lowest level since January 2014 last week at 33.5 cents/RIN for D4 ethanol RINs for 2018 compliance. As the Environmental Protection Agency continues to grant hardship waivers for smaller refiners, the amount of RINs required for compliance falls and pushes down the price of RINs […]
In Illinois, RIN prices continue to fall as uncertainty over what the Trump Administration will do regarding the Environmental Protection Agency and the Renewable Fuels Standard in particular. Prices for 2016 and 2016 D6 RINs fell to a 14-month low on Tuesday to 45 cents, down 7.5 cents, while D4 RINs for 2016 and 2017 […]
In Pennsylvania, the East Coast’s largest oil refiner, Philadelphia Energy, is pointing the finger at RIN prices for having to cut back on costs that will see healthcare and pension costs for employees cut as well as buyouts of salaried employees and reduce capital investments. The company expects its RIN compliance costs to be around […]
