By WNAX, Radio 570.
Retail gas prices from 2013 through the first quarter of 2015 were unaffected by prices for RIN credits that are used to demonstrate compliance with the Renewable Fuel Standard. Renewable Fuel Association Senior Vice President Geoff Cooper says that’s contained in a new study released by Informa Economics.
Cooper says EPA and the President need to keep these study results in mind when they release the renewable fuel obligations next month for 2014, 2015 and 2016.
He says Informa’s numbers in this study are confirmed by former White House Economic Advisor James Stock.
Cooper says this proves that RIN prices are not connected to retail fuel prices.