It happened just after midnight on the 9800 block of Bustleton Avenue.
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Police said a black 2003 Audi was traveling at a high rate of speed when it veered off of the street and slammed into a utility pole.
It took firefighters a half-hour to free one person from the car.
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Officials said the driver, Oleksandr Lysenko, 23, of Elkins Park, was transported to Jefferson Torresdale Hospital where he was pronounced dead at 2:24 a.m.
Police said the front-seat passenger, a 29-year-oldwoman, suffered minor injuries and was transported to Jefferson Torresdale Hospital.
According to investigators, the rear passenger, a 35-year-old man, was transported to Abington-Jefferson Hospital and is currently listed in critical condition.
Police said the investigation is active and ongoing with Accident Investigation Division.