Prices for Renewable Identification Numbers rose slightly after the US Environmental Protection Agency on Sept. 14 denied 17 small oil refiners’ requests to waive the federal biofuel blending mandate retroactively for the 2011-18 compliance years. It is the latest move by the Trump administration to respond to complaints by the biofuel industry and farm-state senators that the EPA has given too much leeway to oil refiners under the Renewable Fuel Standard. While it could help President Donald Trump’s election chances in farm states like Iowa, it could cost him votes in refining states like Ohio, Pennsylvania and Texas. D6 ethanol RINs for 2020 compliance were trading around 50.5 cents/RIN mid-day Sept. 14, up about 2.5 cents from […]