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Gas Prices On Rise With Conflict In Iraq

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ST. LOUIS ( KPLR)- With the Fourth of July approaching those hitting the roads might be in for a shock at the pump. The violence in Iraq may squeeze drivers' wallets this Summer.

The crisis in Iraq has pushed oil prices jumping to a nine month high.

The U.S. average of gas across the U.S is $3.68 a gallon which is the highest price for early Summer since 2008.

Global prices have climbed five percent since rebels took over two Iraqi cities. "Higher than it was than in 2013 . Most of that has been brought on by concern and the anxiety of the oil industry about what is going on in the Middle East, " said Mike Right , AAA Vice President of Public Affairs

Experts originally predicted that prices at the pump would drop  10 to 15 cents per gallon but that's not going to happen and motorist are feeling it in their pockets. "The economy is bad    and seems like gas would be going the other way.It  should be going down it should not be going up," said  Motorist Joe Thomas.

Some Missouri stations were advertising regular unleaded near $3.70 a gallon and premium near $4.00 a gallon. "We are paying more today than we did last month, said Right

AAA travel projects 41 million Americans will journey 50 miles or more from home during the Independence Day Holiday weekend, a 1.9 percent increase from the 40.3 million people who traveled last year and a nearly 14 percent increase compared to the Memorial Day holiday weekend. The majority of travelers will be celebrating their freedom with a road trip, with more than eight in 10 (34.8 million) choosing to travel by automobile, the highest level since 2007.

The Independence Day Holiday travel period is defined as Wednesday, July 2 to Sunday, July 6.

 

AAA Travel projects 41 million Americans will journey 50 miles or more from home during the Independence Day holiday weekend, a 1.9 percent increase from the 40.3 million people who traveled last year and a nearly 14 percent increase compared to the Memorial Day holiday weekend.  The majority of travelers will be celebrating their freedom with a road trip, with more than eight in 10 (34.8 million) choosing to travel by automobile, the highest level since 2007.  The Independence Day holiday travel period is defined as Wednesday, July 2 to Sunday, July 6.