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 This material may not be published, broadcast, rewritten or redistributed.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

Welcome Home-Uncasing Colors Ceremony 064

yesterday in Military, News

Troops from Fort Campbell to deploy to Liberia

700 troops from the 101st will deploy to help fight Ebola outbreak in West Africa.

Michael Wright-Aggravated Robbery-$10,000 Bond

yesterday in Crime, News

Man arrested for aggravated robbery with knife

Michael Wright allegedly threatened clerk with knife and demanded money.

ebola-AP

yesterday in News

Officials confirm first Ebola case diagnosed in US

A patient being treated at a Dallas hospital has tested positive for Ebola.

courtroom

yesterday in Crime, News

Former Klansman pleads guilty to 2012 cross burning

Cross burning occurred in front of an interracial family’s home in Minor Hill, Tennessee.

state-capitol

yesterday in Business, News

Gov. Haslam tells Tenn. agencies to plan for cuts

Planned raises for state workers and teachers may be canceled.