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Report: Iraqi Strife Could Bring Back 2008 Oil Prices

(Undated) -- The escalating crisis in Iraq might send gas prices to highs not seen since 2008. Valerie Vinyard with Triple-A Arizona says so far, we haven't seen much of an impact.
A recent report released by Securing America's Future Energy says the loss of one third of total Iraqi oil production, coupled with rising demand, could result in an oil price increase of 40 dollars per barrel. The national average for regular gas rose to an all-time high in July of 2008, when it hit four-eleven a gallon.

Valerie Vinyard with Triple- A Arizona says so far, the crisis in Iraq hasn't impacted gas prices in the U.S. Play Clip

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