PENNSYLVANIA, June 24 - which the RIN market operates, are currently inflicting serious

economic harm on those businesses; and

WHEREAS, Current RFS compliance expenses exceed refineries'

annual costs for labor, utilities and maintenance expenses

combined, making compliance costs the largest expense for a

refinery other than crude oil; and

WHEREAS, RINs have dramatically increased from about 14¢ at

the beginning of calendar year 2020 to nearly $2 today,

resulting in roughly 30 additional cents per gallon to the cost

of making gasoline; and

WHEREAS, Harmful effects of the RFS program are especially

severe in current market conditions, with the demand for refined

products suppressed by the COVID-19 pandemic and not expected to

fully recover in the near future; and

WHEREAS, The pandemic caused an unprecedented year-over-year

decline in the demand for petroleum and other liquid fuels,

leading to temporary and permanent refinery closures and other

capacity reductions throughout the United States; and

WHEREAS, The United States Department of Energy (DOE), Energy

Information Administration (EIA) has shown for several years

that there is no relationship between RIN price and the amount

of ethanol actually blended into the gasoline supply; and

WHEREAS, The EIA recently noted that in 2020, 800 million

fewer RINs were actually generated than what was required to

meet the 2020 RFS standard; and

WHEREAS, According to a study performed by the Commonwealth,

each refining job in southeastern Pennsylvania has a large

multiplier effect on the regional and national economy,

supporting an estimated 18.3 jobs in southeastern Pennsylvania,

22 jobs across the Commonwealth, and 61 jobs nationwide, many of

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