Yorktown Gas Prices Could Spike Due To Iraq Unrest

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Conflict in Iraq could cause gas prices to spike in Westchester in the coming weeks.
Conflict in Iraq could cause gas prices to spike in Westchester in the coming weeks. Photo Credit: Alissa Smith

WESTCHESTER COUNTY, N.Y. -- The escalating conflict in Iraq could cause gas prices to spike in Westchester County and throughout the United States, according to CNN. 

The recent outbreak of violence on Thursday caused oil prices to jump to $106 per barrel, the highest levels since September 2013, CNN reported. 

The price of crude oil has a direct impact on gas prices. For every dollar per barrel crude oil goes up, gas prices also increase between 2 and 2.5 cents per gallon, CNN said. 

If crude prices continue to rise, the price of gas in the U.S. could spike as much as 20 cents per gallon, according to CNN. 

Click here to read the full article. 

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Comments (8)

Prices will always rise so the best one can do is use less gas. Make less trips, empty your trunk of its junk, drive a smaller car and walk more. No one is ever going to beat the companies that we buy our energy from. Maybe, I should buy stock in gas companies.

The news all over the place trying to convince us that the price of oil has anything to do with Iraq and not just companies and their government buddies taking advantage of summer...hah.

Any excuse to rape us for gas that is already in their tanks that they have already paid for!

http://www.infowars.com/proof-we-run-al-qaeda-special-report/

Very good point.

The U.S. does not get one drop of oil from Iraq, so there should not be any affect on our gas prices. But the oil companies take advantage of any crisis, real or perceived, to increase the price at the pumps and enrich their already overfilled treasuries - and all of it tax-free to them.

Excuses excuses excuses, if Shah passed too much wind they raise the prices especially in the summertime. Unrest in the middle east has been going on forever.

just another excuse, for big oil to try to rake in more money. yet another reason to turn to other technologies.

This is a joke. When has there NOT been unrest in Iraq!! Gas prices always go up in the summer. The oil companies jack the price up because more people are on the roads.