Iraq turmoil could boost gas prices - Tucson News Now

Iraq turmoil could boost gas prices

If oil prices keep heading north analysts predict prices at the pumps could jump more than 20 cents in the next couple weeks. (Source: CNN) If oil prices keep heading north analysts predict prices at the pumps could jump more than 20 cents in the next couple weeks. (Source: CNN)
  • National PoliticsMore>>

  • Trump's trip: Conventional images and unconventional talk

    Trump's trip: Conventional images and unconventional talk

    Saturday, May 27 2017 11:49 PM EDT2017-05-28 03:49:04 GMT
    Saturday, May 27 2017 11:49 PM EDT2017-05-28 03:49:04 GMT

    President Donald Trump will return to Washington having rattled some allies and reassured others, but his White House still sits under a cloud of scandal.

    President Donald Trump will return to Washington having rattled some allies and reassured others, but his White House still sits under a cloud of scandal.

  • Trump's budget renews debate on Arctic refuge oil drilling

    Trump's budget renews debate on Arctic refuge oil drilling

    Saturday, May 27 2017 11:48 PM EDT2017-05-28 03:48:53 GMT
    Saturday, May 27 2017 11:48 PM EDT2017-05-28 03:48:53 GMT
    President Donald Trump's proposed budget calls for opening the coastal plain of the Arctic National Wildlife Refuge to oil and gas drilling.
    President Donald Trump's proposed budget calls for opening the coastal plain of the Arctic National Wildlife Refuge to oil and gas drilling.
  • Trump makes G-7 deal on trade, takes rain check on climate

    Trump makes G-7 deal on trade, takes rain check on climate

    Saturday, May 27 2017 11:48 PM EDT2017-05-28 03:48:01 GMT
    Saturday, May 27 2017 11:48 PM EDT2017-05-28 03:48:01 GMT

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

(CNN) - The escalating conflict in Iraq could drive gas prices higher.

Militant Islamists have captured several major Iraqi cities and are trying to push into Baghdad.

As the violence increased on Thursday oil futures climbed to $106 a barrel.

That's a 2 percent increase and the highest level since last September.

If oil prices keep heading north analysts predict prices at the pumps could jump more than 20 cents in the next couple weeks.

The national average for gas is currently $3.65 a gallon.

Copyright 2014 CNN. All rights reserved.

  • Iraq turmoil could boost gas pricesMore>>

  • Iraq Crisis

    Iraq Crisis

    The terrorist group ISIS has taken over multiple cities in Iraq. Since the U.S. troop withdrawal almost 2 1/2 years ago, the level of day-to-day violence Iraqis experience has increased.
    In stunningly quick fashion, the terrorist group ISIS has taken over multiple cities in Iraq. Since the U.S. troop withdrawal almost 2 1/2 years ago, the level of day-to-day violence Iraqis experience has increased.
Powered by Frankly