FAIRFIELD COUNTY, Conn. -- Civil war in Iraq could create enough havoc with oil production to push gas prices over $5 per gallon in Fairfield 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.
- 1 Police: Chief MacNamara, Baby OK After Three-Car Crash In Fairfield
- 2 Once In A Million Space Event Will Be Over Fairfield Skies On Sunday
- 3 Nor'easter To Impact Fairfield On Wednesday
- 4 Bridgeport House Painter Charged In Burglary Of Fairfield Home
- 5 Fairfield Police Chief MacNamara Injured After Squad Car Is Rear-Ended