State Incentives Matter – Jeff Hove
Renewable fuel has become an integral part of the fuel marketing industry and in order to remain ultra-competitive, fuel wholesalers and retailers must be knowledgeable regarding both federal and state regulations, incentives, supply options and infrastructure. There are several key issues facing those in the fuel industry.
Current federal administration philosophies on deregulation have been taking their toll on the biofuels industry over the past two years. The U.S. Environmental Protection Agency’s Renewable Fuels Standard (RFS1- 2007, RFS2-2010-2022+) has effectively been the driving force behind the introduction of alternative fuels that can generate higher fuel margins. RFS corresponding renewable identification numbers still hold important value for blenders but other programs are beginning to overshadow the value of the renewable identification numbers (RINs). Blenders that recognize state incentives and growing interests in state low-carbon fuel standards (LCFS) will position themselves well for future fuel marketing models…
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