NATSO, Fuel Marketers File Comments on EPA’s RIN Market Proposal
NATSO along with the National Association of Convenience Stores (NACS) and the Society of Independent Gasoline Marketers of America (SIGMA) filed public comments on a proposed regulation that would impose significant reforms on the market for Renewable Identification Numbers (RINs) that would be detrimental to many NATSO members. The proposal is part of a proposed rule that would allow gasoline with 15 percent ethanol to be sold year-round throughout the country.
In the comments, the trade associations, which represent 90 percent of the retail sales of motor fuels, urged EPA to finalize only those aspects of its proposed RIN Market Reform Rule that enhance disclosure requirements and set aside for future reconsideration those aspects that would modify market behavior. RINs are the credits that EPA uses to ensure that refiners satisfy their obligations under the Renewable Fuel Standard (RFS).
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