Economics
Gasoline Settles Little Changed After Wild Swings on RIN Costs
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Gasoline futures settled little changed in New York after swinging in a nine-cent range amid volatile biofuel credit prices.
Futures traded between $3.1026 and $3.19 a gallon as the cost of Renewable Identification Numbers for 2013 vintage, or RINS, that refiners must buy in lieu of blending ethanol into gasoline, were offered at 75 cents a gallon, according to Starfuels Inc., down from $1.01 yesterday.