In S. Jersey, average gas price steady

South Jersey is making news this morning because the average gas price didn't go up overnight. It didn't go down, either, but held steady at $3.67 a gallon for regular no lead, AAA Mid-Atlantic said today.

Across the river, the five-county Philadelphia region saw the average price go up a cent, to $3.85 a gallon.

At the national level, the average also was up a cent, to $3.81.

Diesel, which has been rising along with gas prices, also continued to move up overnight.

South Jersey's diesel average was up 2 cents to $4.51; the Philadelphia region's was up 2 cents to $4.80.

The U.S. average for diesel was $4.56, also up 2 cents.

Oil rose above $130 a barrel for the first time after at least five banks raised price forecasts in the last week on expectations that supply constraints will persist, Bloomberg News reported.

Crude oil for July delivery gained as much as $1.40, or 1.1 percent, to $130.47 a barrel, the highest since trading began in 1983 on the New York Mercantile Exchange, according to Bloomberg, which said that oil traded for $130.22 at 11:56 a.m. London time (6:56 a.m. Philadelphia time).