*Please Note – Bob Lane was out of the office today but will return on Monday, January 22, 2024.

Total low carbon fuel standard (LCFS) credit volumes increased but prices declined during the week ending January 14, according to recent weekly figures from the California Air Resources Board (CARB).

Total LCFS credit volume was 1,348,631 contracts, increasing close to 18 percent from the week before. Credit prices dropped slightly over the same period, down 14 cents, or 0.2 percent, to an average of $71.52 per credit. The average price of a spot trade was down 89 cents to $67.04 per credit. For the most part, spot LCFS prices have been trending below contracted trades.

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