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SC Iowa | petroleum blenders are the "obligated party" to meeting RFS regs...
in theory, as ethanol supply shrinks, the spread between ethanol and RBOB shrinks, but so do the blender's margins, especially without the 45 cent per gallon VEETEC which went away end of last year..
at some point, blenders consider using RINS to offset physical ethanol, but there is only a 1-2 byn supply of those....and the value of them has not increased dramatically, so there is more to that story than meets the eye...
we've not been in this situation before, so it's all a brand new experience for corn/ethanol | |
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Etol plant economics
