Over the last two years, there has been an extraordinary amount of uncertainty and volatility in renewable fuels and Renewable Identification Number (RINs) markets. This largely has been due to the Trump Administration's desire to "thread the needle" and develop a policy solution that makes both the renewable fuels community and the refining industry happy. NATSO and the retail fuels community have generally been stuck in the middle. The latest iteration of this discussion involves President Trump directing the Environmental Protection Agency (EPA) to eliminate restrictions on E-15 being sold year-round in certain parts of the country, in conjunction with enhanced "transparency" measures to govern RIN markets. NATSO is concerned that this effort is guided more by politics than policy, and will likely only result in further uncertainty and volatility.