Friday, June 13, 2014

Oil prices rise worldwide because of Iraq unrest

In my Tundra I have a smaller 8 cylinder with an overdrive so even with my 4 wheel drive package I still get about 20 miles per gallon in my Tundra when I'm on the road if I'm not too loaded down. But, driving up from the San Francisco Bay area to the Mt. Shasta area I was paying often (even for regular about $4.29 a gallon). So, what this means is that in many places in California people are paying over $5 a gallon for premium and likely in some places even for a gallon of regular gas just his last week, before the attack and taking of Mosul, Iraq. These are the prices in Northern California along Interstate 5 northbound and southbound.

Oil thirst rising as Iraq unrest boosts prices

USA TODAY - ‎46 minutes ago‎
As Iraq's mounting unrest pushes crude oil prices to their highest levels this year, a report Friday predicts that global oil demand will increase, but Iraq's supplies may not be at "immediate" risk.
Oil and gasoline prices stablize amid Iraq concerns
With the US pumping, oil from the Middle East shales in significance

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