Preheat oven to 350 degrees Fahrenheit.

In the bowl of an electric mixer, cream eggs and sugars. Stir in oil, peanut butter, baking powder, flour, and nuts and mix until well combined.

Form dough into two logs and flatten each to four inches wide.

Spread two tablespoons jelly along the center of each log, then fold in half to cover.

Spread 1/2 tablespoon jelly on each log.

Bake for 20–25 minutes.

Allow to cool and slice.