Renewable Identification Numbers (RINs) could be a fantastic deal for investors – if the 2013 trend continues. RINs, part of a federal mandate that requires fuel producers to either make or buy ethanol or to buy RIN ethanol credits, have shot up to $1.25 a gallon. That's a wee bit higher than the price last December, when it dropped down to one cent a gallon. That means there's been a 2,000 percent price increase in prices since the beginning of the year!
Objections to fossil fuel subsidies have not halted the forming of a coalition to push for the extension of E85 credits. Dubbed the Coalition for E85, the group consists of retailers, producers, equipment manufacturers, and others who have joined forces to urge the federal government to extend the blended-biofuels' tax credit.
Refiners and blenders pocket 45 cents for every gallon of ethanol blended with gasoline. The subsidy, courtesy of the U.S. government, helps the industry stay afloat amidst the dwindling demand for gasoline and increasing costs of ethanol production. It's been argued that, without the subsidy, the ethanol industry would die a quick death. If a report from BusinessWeek turns out to be true, then the industry might soon be dealt a glancing blow.
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