U.S. renewable fuel prices climb 25% after report on small refinery waiver program [Yahoo! Finance News]
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Source: Yahoo! Finance News
By Stephanie Kelly NEW YORK, Feb 26 Reuters) - U.S. renewable fuel prices rose 25% on Wednesday, traders said, after a report stated that the Trump administration has decided to pare exemptions for oil refineries from the nation's biofuel blending laws. In late January the U.S. Court of Appeals for the 10th Circuit said the Environmental Protection Agency must reconsider some exemptions it previously gave to oil refineries. The administration has decided to apply that ruling nationwide, which likely would mean fewer refineries receive exemptions going forward, according to the report. Following the report, renewable fuel D6) credits for 2019 traded at 35 cents each on Wednesday, up from 28 cents in the previous session, traders said. Credits for 2020 traded at 40 cents each. Reuters did not independently confirm the report. EPA spokeswoman Molly Block declined to comment on the report. The EPA has been seeking White House guidance on how the court decision affects the small refinery
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