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The Pass-Through of RIN Prices to Wholesale and Retail Fuels under the Renewable Fuel Standard

Christopher R. Knittel, Ben S. Meiselman, and James H. Stock

July 2015

Christopher R. Knittel, Ben S. Meiselman, and James H. Stock, July 2015

The U.S. Renewable Fuel Standard (RFS) requires blending increasing quantities of biofuels into the U.S. surface vehicle fuel supply. In 2013, the fraction of ethanol in the gasoline pool effectively reached 10%, the ethanol capacity of the dominant U.S. gasoline blend (the

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