As per data released by the California Air Resources Board (CARB) on June 25th, the Low Carbon Fuel Standard (LCFS) market continued its upward price trend this past week, increasing to a weighted average weekly price of $191.87. This is up $2.75 from last week’s average price of $189.12 and the fourth straight week we have seen an uptick in LCFS pricing. This is also the first time since early April that the market saw pricing above $190 per credit. The market, however, did see a significant decrease in volume this past week with 39,827 credits transferred, down from last week’s volume of 86,403 and the last twelve month (LTM) weekly average of 237,742.
Please click on the pricing chart below for a visualization of LTM trends.