So Much for Steady US Gas Prices. Expect Spike Due to Iraq Oil Troubles

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Expect rising oil and gas prices due to continued unrest in Iraq
It’s amazing what a couple of weeks, and unrest in an oil producing part of the world, can do. At the beginning of the month, AAA predicted gasoline prices, while high, would remain fairly steady through the month, with a possible slight rise as we headed into the fourth of July weekend. In their words, “AAA predicts the national average price of gas this summer likely will vary from $3.55 – $3.70 per gallon.” They did add a caveat in the next sentence, and one which seems to be quite accurate with the current geopolitical situation in Iraq. The sentence they added was, “Major refinery disruptions, geopolitical concerns or a damaging hurricane season could send ...

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3 Responses to So Much for Steady US Gas Prices. Expect Spike Due to Iraq Oil Troubles

  1. faith says:

    I may just have to get rid of my car if gas prices continue to climb. I hate having to pay so much for gas.

  2. Sarah says:

    i agree faith. i’m bout ready to just ride a flippin’ bike around

  3. Dan says:

    Why should our prices surge like that when we barely get ANY crude oil from that region? This Gas pricing crap is ridiculous!!

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