Gasoline prices decline over weekend

The average price of a gallon of regular gasoline fell by a penny over the weekend in southeastern Pennsylvania and in South Jersey, AAA Mid-Atlantic said.

The Philadelphia average this morning was $3.11 per gallon, and the South Jersey average was $2.89 per gallon, the auto club said.

The national average fell three cents per gallon, to $3.06.

Crude oil prices also continued to decline today. Light, sweet crude for January delivery was down 67 cents to $88.04 in electronic trading on the New York Mercantile Exchange by midafternoon in Europe. The contract had earlier traded as high as $89.94 and as low as $87.47.

In London, January Brent crude dropped 24 cents to $88.02 a barrel on the ICE Futures exchange.