Gasoline futures surged to the highest level this month on concern refinery outages will reduce production, threatening higher prices at the pump. Gasoline in New York rallied following a reported outage at Irving Oil Corp.’s Saint John, New Brunswick, refinery, which exports about half of its production to the Northeast market. Futures have jumped 7.9 percent since Sept. 12. Retail gasoline climbed for a third day yesterday, according to AAA. West Texas Intermediate crude fell as U.S. stock markets tumbled. The gains in gasoline “are prompted by refinery outages and drivers probably will have to pay a little bit more,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts . “But that should be a short-term bump. The stock market is bringing down oil.” Gasoline futures gained 5.42 cents, or 2 percent, to end at $2.718 a gallon on the New York Mercantile Exchange, the […]