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Despite Iraq Situation, Gas Prices Fall Slightly

ROCKFORD - The volatile situation in Iraq not causing a rise in gas prices, at least for this week.

ROCKFORD - The volatile situation in Iraq not causing a rise in gas prices, at least for this week.

According to GasBuddy.com, prices have dropped 2.7 cents per gallon, settling at an average of $3.75/g. Drivers are paying less across the nation, spending $3.68/g.

"While concerns in Iraq have led to higher prices in many areas... a new concern has come to light: a possible increase in the federal gasoline tax" says GasBuddy Senior Petroleum Analyst Patrick DeHaan.  "While this week at the pump could be a quiet one... motorists still face the threat of higher prices later in the summer.

Gas prices are also more on par with last year's levels, only a two cents difference.

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