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Price of gas rises again

The average price of a gallon of no-lead gas in the Philadelphia region and South Jersey rose a cent for the second consecutive day, giving the area its highest averages for the year, according to the Mid-Atlantic AAA.

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The average price of a gallon of no-lead gas in the Philadelphia region and South Jersey rose a cent for the second consecutive day, giving the area its highest averages for the year, according to the Mid-Atlantic AAA.

In the five-county Philadelphia region, the price was at $3.28. The average cost a year ago was $2.79.

In South Jersey, the price averaged $3.09; a year ago, it was $2.58.

The national average price also went up a cent overnight, to $3.37, which also marks a highest for 2008 as well as the highest all-time average. A year ago, the national average was $2.81.

Brent crude for May settlement rose 19 cents to $108.39 a barrel on London's ICE Futures Europe exchange. Futures reached a record $109.98 a barrel yesterday.

Crude oil in New York rose to a record $112.21 a barrel on April 9 after the Energy Department reported an unexpected decline in U.S. inventories.