The Renewable Fuels Association is pleased with reports that a White House meeting held Tuesday on the Renewable Fuel Standard (RFS) resulted in an agreement that would allow the year-round use of E15 and put to rest the idea of a price cap on Renewable Identification Numbers (RINs), which is seen as a big win for farmers and ethanol producers. However, the petroleum side has also gained from the deal, it is reported that the White House is pushing for a reallocation the approximately 1.6 billion gallons of renewable volume obligations to be exempted by the EPA through “small refinery” waivers by allowing exported ethanol gallons to count toward an obligated party’s blending requirement, which would then allow that amount to act as an export subsidy which is likely to result in retaliatory trade actions.