Skip to content
Business
Link copied to clipboard
Link copied to clipboard

Gas prices decline over weekend

Gas prices declined again over the weekend, following a trend for the last few months, according to AAA Mid-Atlantic.

    by mid-afternoon in Europe, light, sweet crude for January delivery was up $2.89 to $43.70 a barrel in electronic trading on the New York Mercantile Exchange., ASSOCIATED PRESS AND INQUIRER STAFF
    Published 

Gas prices declined again over the weekend, following a trend for the last few months, according to AAA Mid-Atlantic.

The five-county Philadelphia region saw the average price for a gallon of regular no-lead at $1.87, down 5 cents from Friday.

South Jersey's average was $1.60, down 6 cents.

The national average was $1.72, down a nickel.

Oil prices bounced off four-year lows to trade above $43 a barrel today as OPEC's president suggested that the group could surprise investors with a large production cut later this month.

Plans by the United States, China and India to broaden their respective economic stimulus measures also added to the bullish mood on the market.

On Friday, the contract dropped nearly $3 to settle at $40.81. Prices fell as low as $40.50, levels last seen in December 2004.