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Phila. region's gas prices up, diesel steady

We hope that you had a good weekend. While you were relaxing, the average price at the pump was going up.

We hope that you had a good weekend. While you were relaxing, the average price at the pump was going up.

The five-county Philadelphia region has an average price today of $4.03 for regular no-lead gas, up 2 cents over the weekend, according to AAA Mid-Atlantic.

South Jersey's average went up 3 cents over the weekend, to $3.87.

At the national level, the price moved up 2 cents over the weekend to $3.98.

Diesel prices were steady in some parts:

The average in the Philadelphia region held at $4.99; in South Jersey, the average was down 2 cents, to $4.74.

At the national level, the average for a gallon of diesel held firm at $4.79.

Oil dropped below $126 a barrel today on worries that prices are cutting into demand and as a probe into futures trading by a U.S. regulator continued to weigh on the market.

Light, sweet crude for July delivery was down $1.81 to $125.54 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe.

On Friday, the contract settled at $127.35 a barrel, up 73 cents after dipping below $125 and then rebounding.