Gasoline prices in the Philadelphia area appear to have stabilized after their recent runup as crude oil prices rose, according to figures released today by AAA Mid-Atlantic.
In Philadelphia and the four surrounding counties, today's average price for regular unleaded is $3.11 a gallon, unchanged from Tuesday and up just one cent over the last week, AAA said.
The average in the three suburban South Jersey counties today is $2.92 per gallon, also unchanged from Tuesday and up a penny in the last week.
In the last month, the average rose 13 cents a gallon in the Pennsylvania counties and 12 cents in South Jersey, AAA said.
Crude oil futures were up 67 cents at $88.92 a barrel in morning trading on the New York Mercantile Exchange. A month ago, the futures were at $80.44, and they were $71.63 in late August. -Paul Schweizer