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Gasoline prices rising at rapid clip

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WTI below $50, Brent below $60

Gasoline prices have risen 20 percent in just a month and could see another sharp jump before returning to much cheaper prices during the summer driving season.

According to AAA, the 39-cent per-gallon gain in a 35-day period is the longest streak of rising gasoline prices since 2013. The national average price of gasoline Monday was $2.42 per gallon of unleaded gasoline, up from $2.05 just a month ago. February gasoline averaged $2.23 per gallon, well below $3.34 per gallon last year and the cheapest February since 2009.

Gasoline prices have shot up recently with the gains in crude oil, but they have been disproportionately boosted by a sharp jump in California gasoline prices. Since a fire at ExxonMobil's Torrance refinery last month, the price of California gasoline has zipped higher, reaching an average price of $3.38 per gallon Monday.