Conflict in the Middle East could raise gas prices 20 cents

Print
Email
|

by KREM.com

KREM.com

Posted on June 13, 2014 at 3:19 PM

Updated Friday, Jun 13 at 5:28 PM

The escalating conflict in Iraq could mean you pay more for gas at the pump.

As Thursday’s violence in Iraq escalated, oil futures jumped 2 percent to $106 a barrel. That is the highest since September 2013.

If the trend continues, experts predict gas prices could jump more than 20 cents in the coming weeks.

The national average is currently $3.65 a gallon. The Spokane average is at $3.68.
 

Print
Email
|