I understand the theory, and said we support RIN market transparency. That said, we have never blended more ethanol than today and every year is bigger. This year saw the largest growth of E15 and E85 on record, and those gallons have truly not been realized yet. Minnesota is opening an E15 station a day, as an example. 2018 doesn't look too bad either with the extension of USDA's BIP Program for many states, and other infrastructure development efforts. Wayne's move to E25 standard dispensers, slow, but steady movement on an RVP waiver, and thousands seeing these fuels for the first time is good news.
What Congress and EPA ultimately sees is that the obligated amount of ethanol prescribed by the RFS to be blended is being blended. I don't understand why we would care who is doing the blending if we just want more ethanol in the marketplace.