director of government relations at NACS, in a statement. “We
believe that EPA’s proposal would create chaos in the RIN market
and reduce retailers’ incentives to blend renewable fuel into the
A statement from the American Petroleum Institute (API) called
the proposal a “lose-lose” for consumers.
“The administration needs to scrap this anti-consumer policy that exacerbates problems with the failed Renewable Fuel
Standard,” said Frank Macchiarola, vice president of downstream
and industry operations at API, in a statement. “This proposal is a
bad deal for consumers.
“Extending the sale of E15 gasoline to the summer months
makes no sense. Studies have shown that E15 gasoline can
damage vehicle engines and fuel systems — potentially leaving
Americans to pay expensive car repair bills due to bad policy out of
“In fact, nearly three out of four vehicles on the road today
were not designed for E15. This decision is also contrary to the law
as this waiver is in conflict with the clear language of the Clean Air
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(typically called “vintage” year, or the year in which
the RIN was generated). RINs are retired for compliance by obligated parties and exporters based on
• Obligated parties typically retire RINs only after
the end of the compliance year (or by March 31).
• Exporters must retire RINs for compliance within
one month of the export event. ( This was a 2014
RINs not retired for compliance may be carried
over into the next compliance year. RINs are good
for satisfying obligations only for the current
compliance year or the next compliance year. For
example, 2012 RINs can be used only for 2012
and 2013 compliance years. After that, the RINs
expire and no longer can be used for compliance