June 23, 2014

Unrest in Iraq could raise gas prices in Kentucky, U.S.


Tension in the Middle East could cause a hike in gas prices, according to new data released by the American Automobile Association-East Central.  Unrest caused by civil war in Iraq is threatening to disrupt oil production, which would end a three year trend of gas prices dropping in the month of June on an average of 20 cents per gallon.

The national gas price for a gallon of regular unleaded gasoline is $3.66 per gallon.  This price is up from the same point last year by about a nickel per gallon.  In fact, the national average has increased about two cents per gallon for the last six days.

National gas prices are predicted to be between $3.55-3.70 a gallon this summer, but civil war in Iraq could cause these prices to increase. 

The implications of this situation have affected Kentucky much like the rest of the country.  The average price for a gallon of gas in west central Kentucky is $3.65, just one cent below the national average.  Kentucky as a whole has an average price of $3.75 a gallon, almost two cents more per gallon than the national average.

For the city of London, gas prices average around $3.69 per gallon, slightly higher than the national and west central Kentucky average, but below the state average.

The global market is said to be closely monitoring the situation in Iraq, as the spread of violence to other countries could result in further threats to oil production.

Director of Public Affairs for AAA-East Central Teresa Thomas said that forecasting what gas prices will look like in the coming months is tricky.

“It is very difficult to say at this point due to uncertainty in Iraq,” said Thomas in regard to rising gas prices.  Thomas said that gas prices “are likely to remain high all summer, and may increase over the next week due to the conflict in Iraq.”

Text Only
Local News
Swiss officer

Switzerland police officer Fabien De Lucia learned more about American police procedures by riding along with Laurel County Sgt. Greg Poynter the last two weeks.

Local Sports

Drew Allen tried to score in the fifth inning on a single by Braden Houston. Allen thought he slid in under the high tag, but was called out on the play. North Laurel won the game, 5-0, to force a second championship game Friday night, too late for this edition.

Community Events
Must Read
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Now that school is out, what are your family’s summer vacation plans?

A. No major plans. We will probably hang out around Laurel County.
B. Going to the beach!
C. Kentucky has a lot of wonderful state parks, and we plan to visit a few and enjoy quality family time.
     View Results