Iraq turmoil could boost gas prices - KCTV5

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>>

  • Iraqi lawmakers reject picks for interior, defense

    Iraqi lawmakers reject picks for interior, defense

    Tuesday, September 16 2014 11:31 AM EDT2014-09-16 15:31:55 GMT
    Iraqi lawmakers say the country's prime minister has made his decision on the remaining posts in his Cabinet, including the critical positions of interior minister and defense minister.More >
    Iraq's parliament rejected defense and interior nominees on Tuesday, leaving the crucial ministerial posts unfilled as a U.S.-led coalition intensifies its air campaign against Islamic extremists who have seized a...More >
  • Belfast officer who oversaw Adams arrest promoted

    Belfast officer who oversaw Adams arrest promoted

    Tuesday, September 16 2014 11:21 AM EDT2014-09-16 15:21:34 GMT
    Rival factions in Northern Ireland's unity government are accusing each other of bias after a policeman who oversaw the arrest of Sinn Fein party leader Gerry Adams was promoted to the force's...More >
    Rival factions in Northern Ireland's unity government are accusing each other of bias after a policeman who oversaw the arrest of Sinn Fein party leader Gerry Adams was promoted to the force's second-highest post.More >
  • Dempsey: If campaign fails, ground troops possible

    Dempsey: If campaign fails, ground troops possible

    Tuesday, September 16 2014 11:13 AM EDT2014-09-16 15:13:04 GMT
    President Barack Obama's strategy to combat Islamic State extremists in Iraq and Syria is being scrutinized in Congress, where the expanded military campaign has broad support but faces skepticism after more...More >
    The nation's top military leader told Congress on Tuesday that if President Barack Obama's expanded military campaign to destroy Islamic extremists fails, he would recommend that the United States consider...More >

(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.More >
    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.More >
Powered by WorldNow
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2014, KCTV; Kansas City, MO. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.