RFA's Cooper: Oil firms could lower RIN values by using more ethanol

07/15/2013 | Bloomberg

The Renewable Fuel Standard is driving up retail fuel prices because oil companies are having to pay more for Renewable Identification Numbers, according to an oil industry group. Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association, says oil firms can actually lower the value of RINs if they want to, by blending more ethanol.

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