Ask the Expert: RINsanity and Other Economic Challenges

Feb 7, 1:00 — 1:35 PM CST

Energy and food prices are notoriously volatile, leading economists to remove them from their core inflation measurements. Standing at the crossroads of these two volatile markets are Renewable Identification Numbers (RINs), the prices associated with the Renewable Volume Obligations (RVOs) set by the Renewable Fuel Standard (RFS). D4 RINs have taken a nosedive in recent months, with a recent peak of about 160 cents/RIN in July 2023 and currently (as of writing) sitting around 80 cents/RIN in early November 2023. What drivers led to this price fall? How are energy markets interconnected? How could oil price shocks from halfway across the world impact domestic RIN prices? Are there other economic and market drivers shaping the domestic biofuels market? Join us to find out! 


Jonathan Martin

Director of Economics & Market Analytics
Clean Fuels

Jonathan Martin serves as the Director of Economics and Market Analytics for Clean Fuels Alliance America, responsible for monitoring market data and current events to provide in-depth market intelligence and forecasts on the direction of the overall liquid fuels, energy, and feedstock markets. Prior to joining Clean Fuels, Martin was a Petroleum Economist for Marathon Petroleum Corporation, where he led economic analyses and forecasting in the global oil and gas industry. Prior to his work in economics, Martin worked within both chemical process engineering and environmental compliance at Marathon Petroleum Corporation. Martin graduated from Rose-Hulman Institute of Technology with a Bachelor of Science degree in Chemical Engineering.