Iraq turmoil could boost gas prices - wave3.com-Louisville News, Weather & Sports

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>>

  • Israel, Gaza militants trade fire after talks fail

    Israel, Gaza militants trade fire after talks fail

    Wednesday, August 20 2014 2:44 AM EDT2014-08-20 06:44:46 GMT
    Palestinian militants are firing rockets from Gaza and Israel is launching airstrikes following the end of a cease-fire and the collapse of talks aimed at a lasting truce.More >>
    Palestinian militants launched dozens of rockets and Israel responded with airstrikes on Wednesday after Egyptian efforts to mediate a lasting truce in the monthlong Gaza war collapsed in a hail of fire a day earlier.More >>
  • 10 dead, 22 missing in Hiroshima landslide

    10 dead, 22 missing in Hiroshima landslide

    Wednesday, August 20 2014 2:44 AM EDT2014-08-20 06:44:40 GMT
    Rain-sodden slopes collapsed in torrents of mud, rock and debris early Wednesday in the outskirts of Hiroshima, killing at least 10 people and leaving 22 missing, the government said.More >>
    Rain-sodden slopes collapsed in torrents of mud, rock and debris early Wednesday in the outskirts of Hiroshima, killing at least 10 people and leaving 22 missing, the government said.More >>
  • Israeli-US relations tested once again in Gaza war

    Israeli-US relations tested once again in Gaza war

    Wednesday, August 20 2014 2:35 AM EDT2014-08-20 06:35:56 GMT
    When Israel completes its damage assessment from its latest war with Hamas, it may conclude that one of the biggest casualties was its all-important relationship with the United States.More >>
    When Israel completes its damage assessment from its latest war with Hamas, it may conclude that one of the biggest casualties was its all-important relationship with the United States.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 >>