![Photo of James Osborne](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="100" height="100"><rect fill-opacity="0"/></svg>)
President Joe Biden is caught in the middle between blue-collar workers at refineries and corn growers.
TAMIR KALIFA, STR / NYTWASHINGTON — Oil refiners are lobbying the Biden administration to adjust the nation's biofuel mandate to offer relief from a record spike in the price of the renewable fuel credits that refineries are required to buy to meet their federal obligation.
With fuel demand still recovering from the COVID-19 pandemic, the price of biofuel credits, known as RINs, has more doubled from last year to more than $2 per credit — their highest price in the program's 15-year-history. That could stick U.S. refineries with a more than $30 billion bill for the year, according to the Association of Petroleum and Petrochemical Manufacturers.
