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 14ยข 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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