Ethanol rose against gasoline on higher export demand for the biofuel. The spread, or price difference, tightened 7.26 cents to 91.93 cents a gallon at 11:47 a.m. New York time, based on February contracts for the two fuels. Foreign purchases averaged 41,000 barrels a day in October, compared to a low of 27,000 barrels a day in July, data from the Energy Information Administration show. “The export market is strong and that’s moving the prompt,” said Chris Wilson , a broker at Atten Babler Risk Management LLC in Galena, Illinois . “These ethanol plants are making a lot of money on spot gallons.” Denatured ethanol for February delivery increased 2 cents, or 1.1 percent, to $1.814 a gallon on the Chicago Board of Trade. The January contract, which expires Jan. 6, added 1.9 cents to $1.93 a gallon. Gasoline for February delivery declined 5.26 cents, or 1.9 percent, to […]