Gas Prices Hit Six Year High

UNDATED (WIFR) -- Forty-million Americans are hitting the road this Fourth of July weekend, but unrest in Iraq is putting the squeeze on gas prices here in the United States.

The price at the pump is at a six-year high. Here in the Rockford area we are paying $3.63/g to fill up our tanks, that's four cents cheaper than the national average.

Analysts believe prices have topped out for the summer. This time of the year the cost of fuel usually goes down, but energy traders are worried about a loss of production due to the crisis in Iraq. Just four-percent of U.S. oil imports come from Iraq.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 265640621 - wifr.com/a?a=265640621
Gray Television, Inc.