RIN Risks: Using Supply and Demand Behavior to Assess Risk in the Markets for Renewable Identification Numbers used for Renewable Fuel Standard Compliance

Congress has mandated that more biofuels be used over the next decade. To ensure compliance
with the mandate, RINs are used to track biofuels that fuel blenders mix into motor fuels for
domestic consumption. RINs may be traded, and the prices of RINs ar