Local

Turmoil in Iraq is pushing up US gasoline prices

Turmoil in Iraq is pushing up US gasoline prices

/Shutterstock

By JONATHAN FAHEY, AP Energy Writer

NEW YORK (AP) — Violence in Iraq is pushing U.S. gasoline prices higher during a time of year they usually decline.

The national average price of $3.67 per gallon is the highest for this time of year since 2008, the year gasoline hit its all-time high.

The violence that erupted in Iraq last week hasn’t threatened the main oil-producing regions or reduced exports. Still, global markets reacted by sending the price of oil up 5 percent over the past week. So, instead of the usual slow slide in gasoline prices between Memorial Day and July 4, drivers have seen an increase.

The national average will likely soon surpass this year’s high of $3.70 per gallon, set on April 28, but analysts see little chance of it topping $3.90, as in 2011 and 2012.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News from ClarksvilleNow.com

sick-child-cold-flu

yesterday in News

TDH warns of severe flu season

Influenza activity has steadily increased in TN.

Downtown City of Clarksville

yesterday in News

City names first Military and Veterans Liaison

Bill Harpel to fill new position.

mchs-students

yesterday in News

Memorial services today for MCHS students killed in crash

Zachary Fagan, 17, and Taryn Culpepper, 17, were killed in a crash on Old Highway 48.

Richard Joseph-Child Rape, Aggravated Sexual Battery-$50,000 Bond

Friday in Crime, News

Man charged with raping a child in Clarksville

Richard Wayne Joseph indicted for child rape and aggravated sexual battery.

beer-sales

Friday in Crime, News

Two businesses cited for underage alcohol sales

Alcohol Beverage Control Agents conducted compliance checks this week in Clarksville.