Ethanol RINs Slide on Waiver Fears
by Janet McGurty (Reuters) Renewable fuel credit prices fell across the board on Tuesday as fears of an ethanol waiver roiled the Renewable Identification Numbers (RINs) market.
Benchmark E12 RINS, referring to RINs created in 2012, traded at 3.60 cents a gallon, down 13 percent from Monday’s trade level of 4.15 cents a gallon. Prices fell after Georgia became the fifth state to request a waiver for ethanol use, adding to fears that the Environmental Protection Agency (EPA) could consider removing the mandate for ethanol use on some basis. READ MORE