As RINs Disappear, 2021 RFS Compliance Could Hit $30 Billion
The Renewable Fuel Standard is more expensive in 2021 than at any other point in the program’s 15-year history. Soaring RFS prices signal that the RIN bank could run dry.
Recent Posts
RFS: RIN records keep shattering
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
95 RON Octane Standard: A Smarter Way to Cut Carbon from Vehicles
A nationwide 95 RON octane standard for vehicles can deliver major carbon reductions in the nation’s light-duty auto fleet faster and at a lower cost than any other proposal being considered by policymakers right now, especially policies seeking to force nationwide vehicle electrification.
Colonial update: Refiners Continue Supplying Fuel Amid Distribution Challenges
This week, AFPM joined API and industry associations representing fuel retailers, gasoline marketers, convenience stores and tank truck carriers to field questions from the media about the ongoing fuel distribution challenges resulting from the Colonial Pipeline shutdown.
In SCOTUS Review of RFS, Refiners Root for Textualism
Statement from Chet Thompson: A plain reading of the RFS makes clear that Congress intended for the small refinery hardship program to be a lasting safety net. There is no “use it or lose it” provision.
Supreme Court Reviews RFS Small Refinery Relief Program
The Supreme Court is set to review RFS small refinery relief—what’s required to qualify and whether any small refinery can be forever disqualified.
AFPM Urges Administrator Regan to Take Decisive Action on RFS
WASHINGTON, D.C. – AFPM president & CEO Chet Thompson, on behalf of United States refineries, today sent an appeal to new EPA Administrator Michael Regan urging him to take swift action on the Renewable Fuel Standard (RFS) by extending compliance deadlines and setting achievable targets for the current and coming years.
The state of RFS & a better way forward for refiners, ethanol producers, and consumers
AFPM recently submitted comments to EPA in support of the Renewable Fuel Standard (RFS) general waiver petitions submitted by the governors of Louisiana, Texas, Oklahoma, Utah, Wyoming, and Pennsylvania.
AFPM statement on EPA’s decision to support 10th Circuit view on small refinery relief
WASHINGTON, D.C. – Today, AFPM issued the following statement in response to an announcement from the Environmental Protection Agency (EPA) that it supports the January 2020 ruling from the 10th Circuit Court of Appeals.