On Thursday, the Environmental Protection Agency proposed denying a petition by a group of merchant oil refiners to change the point of obligation under the Renewable Fuel Standard (RFS).
Under the current RFS structure, oil refiners are the parties obligated to blend more renewable fuel into the nation’s transportation fuel supply. The refiners’ petition seeks to change the obligated party from the refinery to those entities that own gasoline before it is blended for retail sale.<
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