US Ethanol Credit Prices Drop After EPA Extension
U.S. ethanol blending credits slumped to their lowest levels in over four months on Monday. The drop occurred after the Environmental Protection Agency delayed a key compliance deadline. The agency also announced plans to rule on refinery exemption requests.
U.S. ethanol blending credits plunged 34 cents to $1.75 on Monday after the Environmental Protection Agency delayed a September 1 compliance deadline for refiners. The drop marks the lowest level for the credits since April 15, according to Argus Media data. The slump comes as traders anticipate impending regulatory relief for small refiners struggling with compliance burdens.
