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Study Shows RINs Not Factor in Higher Gasoline, Fuel Group Says

A surge in the value of Renewable Identification Numbers for ethanol compliance isn’t one of the reasons for higher gasoline retail prices, the Renewable Fuels Association said, citing a study by Informa Economics Inc.

The value of RINs, which are used by refiners and the Environmental Protection Agency to determine compliance with government biofuel mandates, reached a record $1.06 on March 8 for the corn-based variety, compared with 7.1 cents Jan. 7, data compiled by Bloomberg show.