As per data released by the California Air Resources Board (CARB) on July 9th, the California Low Carbon Fuel Standard (LCFS) market saw a slight uptick in pricing this past week, increasing to a weighted average weekly price of $191.67. This is up $1.06 from last week’s average price of $190.61. The market saw a slight decrease in volume this past week with 319,948 credits transferred, down from last week’s volume of 401,628, but up from the last twelve month (LTM) weekly average of 243,170. Credit transfers continue to be high likely due to Q1 credit issuance and associated transfers.
Please click on the pricing chart below for a visualization of LTM trends.
