U.S. renewable fuel credits, gasoline margins fall after Reuters report

Source: By Stephanie Kelly, Reuters • Posted: Sunday, June 13, 2021

The news caused renewable fuel (D6) credits for 2021 to fall 15% from the previous session. Immediately following the news, credits fell to trade at $1.70 each on Friday, down from $2.00 each on Thursday, traders said. Credits later steadied at $1.85.

The gasoline crack – the margin to refine gasoline from crude – fell 10% from Thursday. The margin fell to a session low on Friday of $20.35 a barrel, the lowest since March 19, Refinitiv Eikon data showed.

Futures for soybean oil , a feedstock used to produce renewable fuels, fell to 66.96 cents per pound. The contract hit an all-time high on Monday of 73.74 cents per pound.