WASHINGTON – Today, EPA released its final rule to allow gasoline blended with up to 15% ethanol (E15) to receive a year-round 1 psi Reid Vapor Pressure (RVP) waiver during the summer months. Before this final rule, E15 was not allowed to be sold in some regions of the United States from June 1 to September 15.
In addition to the RVP waiver for E15, EPA also made several changes to the Renewable Identification Number (RIN) compliance system under the Renewable Fuel Standard (RFS). The final rule requires public disclosure when RIN holdings exceed specified thresholds and additional collection of data to improve market transparency and enhance EPA oversight.
Upon initial review, NACS believes EPA’s action in removing a barrier to year-round sales of E15 is a positive step forward in providing retailers more flexibility in in offering renewable fuels to consumers and supports EPA taking a careful and cautious approach to changes to the RINs market by focusing on disclosure and oversight of the compliance system.
In its comments on the proposal to the Agency, NACS had cautioned EPA from making changes to the RIN market that would have injected significant uncertainty into the marketplace.
The final rule goes into effect 30 days after publication in the Federal Register. NACS counsel is continuing to review the document and will have further information for members in the coming days.
For question about EPA’s final rule, contact NACS Director of Government Relations Paige Anderson at firstname.lastname@example.org.