Iraq Crisis Could Push Fairfield Gas Prices Over $5

FAIRFIELD COUNTY, Conn. -- Civil war in Iraq could create enough havoc with oil production to push gas prices over $5 per gallon in Fairfield County, according to the New York Post.

Ongoing conflict in Iraq could push local gas prices over $5 per gallon.
Photo Credit: *Alissa Smith*

Joe Jenkins

06/30/2014 2:00 p.m.

If radical Sunni Muslim insurgents are able to take control of Baghdad and the oil producing regions in the south, it could raise the price of crude oil per barrel up to $160, which would translate to gas prices near or over $5 per gallon back home, the New York Post reported.

Some experts say that gas prices that high could create something of a recession since Iraq is the second largest producer of oil in the world, the New York Post said.

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