Investors who have been following the merchant refining sector for long enough will remember the "RINsanity" that prevailed in the first seven months of 2013. It was a time when refiners saw their reported costs of complying with the U.S. revised Renewable Fuel Standard [RFS2] skyrocket, prompting a strong outcry from the merchant refining sector in particular. While rising U.S. gasoline consumption and the Trump administration's subsequent weakening of the RFS2 have resulted in much-reduced costs in recent years, the impact of the COVID-19 pandemic on transportation fuel demand threatens to cause compliance