A month ago I made the argument that the effects of the COVID-19 pandemic were threatening to cause a return of "RINsanity" in the merchant refining sector by next year. This was premised on the decline in gasoline consumption in 2021 that is expected to occur even as the federal revised Renewable Fuel Standard [RFS2] biofuels blending mandate requires high levels of ethanol consumption. The 10 vol% ethanol blend wall has largely remained in place across the U.S. despite President Trump's 2019 decision to allow blends of up to 15 vol% to be sold year-round,