Gas Prices Feeling the Impact of Turmoil in Iraq

Experts say gas prices could increase up to 10 cents a gallon this summer at the pump.
1:04 | 06/16/14

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Transcript for Gas Prices Feeling the Impact of Turmoil in Iraq
There -- a lot of conservatives that instability in the Middle East will lead to rising gas prices around the world and right here at home. Iraq one of the biggest oil producers in the world and the chaos there has already rattled markets. Prices already ticking up and ABC Cecilia -- -- in California lot tonight -- that part of the story Cecilia. David good evening to you are easing those prices up here take a look at the sign behind me higher than four dollars a gallon at this station here. When news broke last week about this crisis in Iraq we saw oil prices spiked to levels higher than we've seen them so far this year. And I want to show you this take a -- gas prices the national average now three dollars. And 66 cents a gallon experts are telling me that Americans getting ready to hit the roads for their summer vacations. Could soon be paying even more as much as ten cents a gallon in the weeks to come all of this again. Because of these fears in Iraq David there have been predictions that we would see -- drop in gas prices this summer. Not anymore Howard Cecilia Vega -- with the economic impact of all this thank you.

This transcript has been automatically generated and may not be 100% accurate.

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