The highest price for gasoline in the lower 48 states among the markets surveyed was in Los Angeles, at $2.91 a gallon, Lundberg Survey Inc. said. Photographer: Luke Sharrett/Bloomberg (Bloomberg) — Gasoline is rising five times faster than crude oil as refinery shutdowns limit supplies. Retail gasoline increased 0.3 cent to $2.458 a gallon Thursday, the highest level since Dec. 17, according to Heathrow, Florida-based AAA. After climbing 20 percent since Jan. 31, prices will rise by another 20 cents this month because of refinery maintenance and unexpected outages, the nation’s largest motoring group estimates. Refineries are operating at the lowest rate in six weeks, government data show. Fuel production may slow further as more plants shut for seasonal maintenance. Gasoline is also climbing as the panic in oil markets subsides, with volatility the lowest in three months. The gain threatens to reduce the windfall to U.S. drivers from […]