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Gas Prices Rising After Iraq Violence

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MEDFORD, Ore. –  The violence in Iraq is being felt here in the US right now as gas prices push higher at a time when they are supposed to decline.

The time between memorial day and the 4th of July typically comes with lower gas prices, but this year that has not been the case.

Nationally, the average price of gasoline is $3.68 per gallon, which is the highest it’s been for June since 2008 when gas prices hit an all time high.

Though the violence in Iraq did not effect the main oil-producing regions or reduce exports, global markets still reacted by upping the price of oil by five percent over the past week.This prevented the usually drop in gas prices that typically happens this time of the year.

This year, some drivers say they are traveling less in order to compensate for the high prices at the pump.

“Half my grand kids live up in Portland, and I won’t get to see them as often as if gas was cheap. It’s just that easy,” said traveler Steven Sparks.

Experts say the national average will likely soon surpass this year’s high of $3.70 per gallon that was set in late April.

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  1. Dean says:

    Though the violence in Iraq did not effect the main oil-producing regions or reduce exports, global markets still reacted by upping the price of oil by five percent over the past week. It would be nice if we had a government for the people that could stop price gouging by big corporations.

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