• Supply
  • Social Media
VisitTAC - The Arnold Companies
Customer LOGIN
TACenergy
Customer
LOGIN

RIN Rollercoaster Remains In Full Effect

Friday, Jun 25 2021
Market Talk

It’s a quiet start to end another strong week for energy prices, as traders seem content for now to wait and see what OPEC & friends will agree to next week. We did see some modest losses overnight, but futures have since moved back into the green with small gains on the day and will mark 6 straight sessions of increases for refined products if they can hold on.

WTI is set to finish a 5th consecutive week of gains, even as prices pulled back modestly from the multi-year highs set on Wednesday. Refined products are also treading water near multi-year highs, continuing to threaten a technical breakout to the upside that could add another 20 cents to prices this summer, but so far lacking the momentum to make a big move. 

The RIN rollercoaster remains in full effect, as the credits dropped 5-6 cents Thursday after a 50 cent recovery rally, that followed a 75 cent crash after prices reached record highs to start the month.  That’s pretty good action for a year, and in this case it’s happened in just over 2 weeks.

new infrastructure agreement was announced, which does not include an increase in federal fuel taxes, and sharply reduces the amount of money pegged for electric vehicles. While the White House & several senators on both sides of the aisle set the terms of the deal, it’s not yet clear if this bill will have enough votes to get through congress.

Today’s interesting read: Why consumers, not producers, are the key to climate change goals, and why they’re not ready to give up cheap energy. Producers meanwhile continue to shift their stance, with the API laying out a new framework for standardizing the way companies report their emissions data. 

Click here to download a PDF of today's TACenergy Market Talk.

News & ViewsMarket Talk

News & Views
Latest Posts

KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Go Rentals Opens 10 New Locations with Partner, TAC Air
Tac Air's new facility features B17-G model airplane, Military Situation Room
TAC Air B-17G Model Brings Nostalgia and Tears

News & Views
Archive

Market Talk
Latest Posts

Market Talk
Archive

TACenergy logo
Sales:  800-375-FUELSupply & Logistics:  800-808-6500

Get in Touch

Sign up to receive market talk updates in your inbox each day.
Establish a credit account.
Apply For Credit
Need to make a fuel order today?

Follow us

TACenergy
  • Supply
  • News & Views
  • Market Talk Updates
  • Social Media
  • Contact a Representative
  • Customer Login
  • Apply For Credit
Find Your Next Great Role With TACenergy.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
  • Sitemap
TACenergy, LLC © 2022. All Rights Reserved.