The Associated Press has reported Benchmark West Texas Intermediate crude for April delivery gained $1.02 to settle at $105.44 per barrel on the New York Mercantile Exchange.

The price almost hit $107 per barrel earlier in  electronic trading, the highest level since Sept. 26, 2008.

In London, Brent crude fell 93 cents to settle at $115.04 per barrel.

The rise in oil is driving U.S. gasoline prices to levels that weren’t expected for at least another month. Pump prices have jumped an average of 39 cents per gallon since the Libyan uprising began in mid-February, forcing motorists to pay an additional $146 million per day for the same amount of fuel. The national average hit $3.509 per gallon on Monday, according to AAA, Wright Express and Oil Price Information Service.