Gas Prices Could Soar Over Iraq Conflict

Published 06/14 2014 10:43PM

Updated 06/14 2014 11:09PM

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 this week, oil futures climbed to $106 a barrel. That's a 2% 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.

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