ASSOCIATED PRESSOn Friday, the Supreme Court ruled on a protracted legal and political fight that has pitted two pillars of the Republican base against each other since 2018. The Supreme Court, in a 6-3 ruling, granted that relief and gave small refiners a win in their ongoing battle to weaken the RFS. Unsurprisingly, the ethanol industry sued, starting the journey that led to last week’s Supreme Court decision. The Supreme Court overruled this interpretation. Markets are likely factoring in the stability of the Biden Administration coupled with continued increases in ethanol demand as COVID impacts ease and oil demand recovers.

Source: Forbes June 27, 2021 05:15 UTC