The Economics of RINs for Truckstops

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Photo Credit: Darren Schulte/NATSO

For more than a decade, the federal government has had a program in place that savvy fuel retailers can take advantage of to sell fuel at a lower price and realize greater margins on sales.

This program, known as the Renewable Fuel Standard (RFS), obligates every fuel refiner and importer to generate a certain volume of renewable fuel annually. These “obligated parties" must attain a particular number of renewable fuel credits, known as “RINs” (which stands for “renewable identification numbers”) to show that they are in compliance with the RFS program. RINs are essentially an artificial commodity that can be bought and sold in an open market...

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David Fialkov's photo

David Fialkov is the Vice President of Government Relations, as well as the Legislative and Regulatory Counsel, at NATSO. In this capacity, Mr. Fialkov direct's NATSO's legislative, regulatory, and legal strategy on a range of issues, including transportation, energy and fuels, labor, data security, and taxes. Mr. Fialkov also oversees NATSO's political engagement program, including individualized legal and political counsel to member companies. Prior to joining NATSO, Mr. Fialkov was the senior associate in the Government Affairs and Public Policy practice at the law firm of Steptoe and Johnson in Washington, D.C. At Steptoe, Mr. Fialkov advised clients on legislative, regulatory, and political issues, as well as legal concerns. His primary clients included trade associations representing the motor fuel wholesale and retail industries, including the National Association of Convenience Stores and the Society of Independent Gasoline Marketers of America. Mr. Fialkov's focus was not only on the motor fuels business, but also the litany of other issues that retailers confront, including labor matters, foodservice issues, healthcare and employment issues, tax matters and data security. Prior to joining Steptoe, Mr. Fialkov graduated with honors from George Washington University Law School. He received his B.S. Summa cum laude with highest honors from Clark University in Worcester, MA. He lives in Washington, D.C. with his wife Allison and daughter Lilah. More
Source:
Stop Watch Magazine

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