NEW YORK — Gasoline futures prices ended 1% lower Friday on expectations that rising output will cap prices that logged a 4% weekly gain. The price of reformulated gasoline blendstock futures in recent days dropped to the lowest level since December 2011 and rebounded to one-month highs on mixed signals over inventories and near-term demand. Analysts said the broad swings were largely overdone and prices likely will stabilize near levels that cut retail gasoline prices to their lowest level in 33 months. Data from the Energy Information Administration show gasoline demand expected to log modest year-on-year gains through year end compared with year earlier levels that were the lowest in more than a decade. Inventories, which have declined in recent weeks, stand at normal seasonal levels, and look likely to climb as refiners conclude extensive maintenance work that reduced gasoline output. December-delivery RBOB gasoline on the New York Mercantile […]