Iraq Crisis Could Push Pelham Gas Prices Over $5

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

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

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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Comments (4)

Incredibly lazy "reporting." Do your homework. Gas prices are MUCH more tied to Wall Street speculation than the actual cost to purchase crude oil. SPECULATION.

This is just the ignorant repetition of another shoddily "reported" article from exactly ONE (disreputable) source (seriously? NY Post is all you got?). I wouldn't even bother to pay attention or comment if it wasn't terrifying to think people get their "news" in this fashion--fear mongering disguised as "news." I call BS, Westchester.

(And if the prices go up as predicted, we can all blame the government--but not because "Obama" won't freeze the price [which is an insane over-reaction, btw]... because they let a bunch of "business people" removed from any kind of reality outside of wealth make decisions about how much gas should cost.)

Especially with Sammy who lost a law suit and claims he was discriminated against...about ready to tell Shell to go to hell

Obama can easily issue an Executive Order to freeze the prices, but of course he won't do it, because he's beholden to the oil companies.

Keystone Pipeline.