Over the summer gasoline prices hit 7-year highs, but an analysis by the Renewable Fuels Association reveals that the compliance credit market mechanism in the Renewable Fuels Standard is not to blame.
RFA Chief Economist Scott Richman tells Brownfield using the Energy Information Administration’s analytic framework, they confirmed that Renewable Identification Numbers or RIN’s are a factor in wholesale gas prices, but there is no evidence that RIN costs have a measurable effect on cost for consumers.
