Archive for November 2022
Release of Hoekstra Research Report 11: The Tax-and Subsidize Interpretation of RINs
To order this report including 6 months of unlimited consultation by phone and E-mail please issue a purchase order using information in the Offer letter or contact George.hoekstra@hoekstratrading.com +1 630 330-8159 The tax-and-subsidize interpretation of RINs By George Hoekstra / Hoekstra Trading LLC / 1 Contents 2 Summary. 2 3 The RIN as a tax. 5 3.1 Is the RIN…
Read MoreSurging sulfur credit prices
The price of Tier 3 sulfur credits has quadrupled in recent months as refiners scramble to balance the books on their obligation to meet the 10 ppm gasoline sulfur mandate on gasoline sold in the U.S. in 2022. Some refiners are making last-minute adjustments to reduce their gasoline sulfur in the 4th quarter — these…
Read MoreHow the Tier 3 gasoline sulfur mandate is handcuffing U.S. gasoline production
While the stock market, crude oil, fuel prices, and cryptocurrencies have gone up and down wildly, the price of one important commodity has been quietly going straight up for years. That commodity is octane. Figure 1 shows that the retail price of octane, measured by the difference between the pump prices of premium gasoline and…
Read MoreEnd the moratorium on investment in conventional (not renewable) fuels refining
Biden ideas to reduce fuel prices: Ban exports = BAD IDEA Windfall tax = BAD IDEA End moratorium on investment for conventional (not renewable) clean fuels = GREAT IDEA Question from Petroleum Quarterly Technology, 4Q2022 issue: In view of the recent wave of refinery closures, including five in the US during 2021…
Read More