Gas prices holding here
Gasoline at the pump rose an average of 2 cents a gallon across the country overnight, but has held steady in the Philadelphia region, AAA Mid-Atlantic said today.
Gasoline at the pump rose an average of 2 cents a gallon across the country overnight, but has held steady in the Philadelphia region, AAA Mid-Atlantic said today.
The national gas average rose to $3.67 per gallon for unleaded regular, the auto club said.
The price in southeastern Pennsylvania stayed at $3.57 a gallon, and the South Jersey price stood at $3.37.
Oil prices edged just slightly higher after OPEC vowed to abide by its quotas but decided not to take the more dramatic step of slashing production targets.
Prices rose by more than a dollar after the Organization of Petroleum Exporting Countries meeting ended in the pre-dawn hours in Vienna, Austria, but quickly eased as investors digested the significance of the cartel's decision.
Expectations that Hurricane Ike would pose little serious threat to U.S. Gulf of Mexico oil and gas installations also helped keep prices in check.
Light, sweet crude for October delivery rose 8 cents to $103.34 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Dubai. The contract fell $3.08 overnight to settle at $103.26, the lowest close since April 1.