Iraq turmoil could boost gas prices - Tucson News Now

Iraq turmoil could boost gas prices

Posted: Updated:
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)
  • InternationalMore>>

  • Report finds Islamic plot to control UK schools

    Report finds Islamic plot to control UK schools

    Tuesday, July 22 2014 1:30 PM EDT2014-07-22 17:30:12 GMT
    A British government investigation has found evidence that Muslim fundamentalists successfully gained control of some schools to promote aggressive religious values.
    A British government investigation found evidence Tuesday that Muslim fundamentalists successfully gained control of some schools, raising fears that pupils are now vulnerable to radicalization.
  • Parents of abducted girls, escapees meet president

    Parents of abducted girls, escapees meet president

    Tuesday, July 22 2014 1:14 PM EDT2014-07-22 17:14:04 GMT
    President Goodluck Jonathan is meeting with many parents of the 219 kidnapped Nigerian schoolgirls and some classmates who managed to escape from Islamic extremists.
    President Goodluck Jonathan met for the first time Tuesday with parents of 219 kidnapped Nigerian schoolgirls and dozens of classmates who managed to escape from their Islamic extremist captors.
  • British experts to analyze MH17 black boxes

    British experts to analyze MH17 black boxes

    Tuesday, July 22 2014 1:13 PM EDT2014-07-22 17:13:58 GMT
    Britain's prime minister says black boxes from the Malaysia Airlines plane downed in eastern Ukraine will be examined by U.K. air accident investigators.
    Black boxes from the Malaysia Airlines plane downed in eastern Ukraine will be examined by U.K. air accident investigators, Britain's prime minister said Tuesday.

(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

    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.
    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 WorldNow