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Posted June 2, 2021 Today in Energy

Agricultural feedstock costs drive RIN prices to all-time highs ›

The prices of renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—sharply increased through April of this year, and they are now higher than at any time during the 13-year history of the RFS program. Rising global demand for the agricultural feedstocks used to make corn fuel ethanol and biomass-based diesel fuels has driven fuel ethanol and biomass-based diesel prices higher in 2021, pushing their corresponding RIN prices to new highs. More ›

U.S. daily spot prices of ethanol and biomass-based diesel RINs

Source: Graph created by EIA, based on Oil Price Information Service (OPIS)

Data Highlights

WTI crude oil futures price

6/1/2021: $67.72/barrel

up$1.65 from week earlier
up$32.28 from year earlier

Natural gas futures price

6/1/2021: $3.104/MMBtu

up$0.191 from week earlier
up$1.330 from year earlier

Retail gasoline price

5/31/2021: $3.027/gal

up$0.007 from week earlier
up$1.053 from year earlier

Retail diesel price

5/31/2021: $3.255/gal

up$0.002 from week earlier
up$0.869 from year earlier

Weekly coal production

5/22/2021: 11.645 million tons

down0.663 million tons from week earlier
up3.158 million tons from year earlier

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