Weekly LCFS credit volume declined last week, and credit prices continued to drift lower. Volume is likely to continue to move lower into February before starting to follow its cyclical trend higher again.  

Volume reached 1.01 million during the week ending January 21, 2024, 25 percent below last week’s volume but 40 percent abover the 723,365 credits transacted last year. Additionally, weekly transactions were 38 percent below the prior four-week average of 1.6 million.

The average price paid per credit dropped $3.25 to $68.27, a nine-week low. The average price of a spot market trade slipped $2.26 to $64.78, or a 45-week low. The average spot market price remains below the average price for all trades, suggesting a weakness in the market.

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