The combination of reduced gasoline demand and a proposed D4 RVO that was well below market expectations, led to the slowing of renewable fuel production in April. Obligated parties are likely reassessing the market ahead of the EPA’s expected June announcement that will finalize the 2023 through 2025 RVOs and could lead to an adjustment in one or more of the RVO categories. Slowing gasoline demand in a somewhat suspect economy led to a reduction in ethanol blending. D4 credit generation, which appeared to be getting ahead of itself, also slowed during April.
There was 1.6 billion gallons of renewable fuel blended into the national transportation motor pool during April according to data released today by the Environmental Protection Agency. Renewable fuel consumption was 4.4 percent below March,…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...