Iraq turmoil could boost gas prices - KXXV Central Texas 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)
  • InternationalMore>>

  • Kim agrees to dismantle main nuke site if US takes steps too

    Kim agrees to dismantle main nuke site if US takes steps too

    Tuesday, September 18 2018 4:19 AM EDT2018-09-18 08:19:39 GMT
    Wednesday, September 19 2018 1:11 AM EDT2018-09-19 05:11:01 GMT
    (Pyongyang Press Corps Pool via AP). South Korean President Moon Jae-in and North Korean leader Kim Jong Un, right, wave during a welcoming ceremony at Sunan International Airport in Pyongyang in North Korea, Tuesday, Sept. 18, 2018.(Pyongyang Press Corps Pool via AP). South Korean President Moon Jae-in and North Korean leader Kim Jong Un, right, wave during a welcoming ceremony at Sunan International Airport in Pyongyang in North Korea, Tuesday, Sept. 18, 2018.
    South Korean President Moon Jae-in, North's Kim Jong Un start their third and possibly most challenging summit yet, with Moon hoping to break impasse in nuclear talks.More >>
    South Korean President Moon Jae-in, North's Kim Jong Un start their third and possibly most challenging summit yet, with Moon hoping to break impasse in nuclear talks.More >>
  • China looks unlikely to give in after US tariff hike

    China looks unlikely to give in after US tariff hike

    Tuesday, September 18 2018 7:57 AM EDT2018-09-18 11:57:05 GMT
    Wednesday, September 19 2018 1:10 AM EDT2018-09-19 05:10:53 GMT
    (AP Photo/Andy Wong). In this Sept. 16, 2018, photo, American flags are displayed together with Chinese flags on top of a trishaw in Beijing. The American Chamber of Commerce in China says Beijing will "dig its heels in" after U.S. tariff hikes and app...(AP Photo/Andy Wong). In this Sept. 16, 2018, photo, American flags are displayed together with Chinese flags on top of a trishaw in Beijing. The American Chamber of Commerce in China says Beijing will "dig its heels in" after U.S. tariff hikes and app...
    China appears unlikely to back down after Trump approves new tariffs on $200 billion of Chinese goods.More >>
    China appears unlikely to back down after Trump approves new tariffs on $200 billion of Chinese goods.More >>
  • The Latest: Koreas agreed to disarm border village

    The Latest: Koreas agreed to disarm border village

    Tuesday, September 18 2018 6:37 AM EDT2018-09-18 10:37:15 GMT
    Wednesday, September 19 2018 1:10 AM EDT2018-09-19 05:10:52 GMT
    (Pyongyang Press Corps Pool via AP). South Korean President Moon Jae-in and North Korean leader Kim Jong Un, right, wave during a welcoming ceremony at Sunan International Airport in Pyongyang in North Korea, Tuesday, Sept. 18, 2018.(Pyongyang Press Corps Pool via AP). South Korean President Moon Jae-in and North Korean leader Kim Jong Un, right, wave during a welcoming ceremony at Sunan International Airport in Pyongyang in North Korea, Tuesday, Sept. 18, 2018.
    North Korean leader Kim Jong Un says his June summit with U.S. President Donald Trump has stabilized the regional security situation.More >>
    North Korean leader Kim Jong Un says his June summit with U.S. President Donald Trump has stabilized the regional security situation.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 Frankly