Analysis: Ethanol still costs less than regular gasoline despite RIN costs

03/12/2013 | E-Xchange blog

The claim by some oil companies that increased prices of ethanol Renewable Identification Numbers are driving up retail gasoline prices is "completely absurd," writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Even if RIN prices averaged 80 cents for the year, the overall RIN cost would add just $0.0078 per gallon to the price of gasoline, which is much lower than the 10 cents per gallon claimed by some oil companies, Cooper notes. Even when the higher RIN costs are factored in, E10 would still sell at a discount compared to unblended gasoline, Cooper states.

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