As U.S. Senate leaders in Washington discussed the merits of tightening oversight on speculative commodity investments, crude oil jumped in a forceful surge to $131.91 per barrel.

The price of heating oil rose 0.07 cents to $3.845 per gallon. Reformulated blendstock gasoline prices rose 0.0658 cents to $3.3702 per gallon. Natural gas prices rose 0.198 cents to $11.563 per million British thermal units.

At the pump, the national average price for a gallon of unleaded gasoline reached a record $3.807, up from Tuesday's price of $3.80, AAA said.