Local

ACE Backs Call For CFTC Investigation Of Alleged RINS Manipulation

The American Coalition for Ethanol is backing Senate Ag Chair Debbie Stabenow’s call for a CFTC investigation of RINS manipulation. ACE Executive Vice President Brian Jennings says alleged RINS manipulation by oil companies needs to be investigated and Commodity Futures Trading Commission is the proper way to do it.

Jennings says oil companies have been taking RINS, which are the proof of purchase credit they get when they buy ethanol and blend it into gasoline. They then turn those back to EPA which proves they bought the renewable fuel. He says oil companies have been taking advantage of RINS.

Jennings says lawmakers have been looking at the volatility of the RINS market thinking it means the RFS needs changing when actually it’s manipulation that’s causing unneeded spikes.

Recent Headlines

in National

Making headlines this week

AP_595026758855

A look at some of this week's biggest newsmakers and the headlines you may have missed.

in National

Gunman kills one student, wounds two others at Sacramento college

18-overlay2

One student was killed and two others injured after a fistfight at a Sacramento community college escalated into a shooting.

in National

10 FOR TODAY: Friday, Sept. 4

lol

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday.

in National

US employers add 173K jobs in August; rate falls to 5.1 pct.

sam

The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve.

in Agriculture

South Dakota Attorney General Wants Permanent Injunction

Marty Jackley

Some agricultural groups have asked the EPA and the Army Corps of Engineers to delay implementation of the Waters of…