Despite spike in gas prices after Israeli airstrike, AAA expects prices to resume a downward spiral
A spokesman for the American Automobile Association (AAA) says gas prices in the New Orleans area were going down until Israel launched an airstrike in Syria.
Don Redman says after the airstrike, the price of crude oil went up almost $10 a barrel practically overnight, and gas prices at some service stations jumped by as much as 10 cents a gallon.
"Obviously, any time you have rockets and jet fighters crossing different territory in the Middle East, it makes the oil market very nervous," Redman said.
But prices appear to be settling back down, Redman says, and the expectation is that prices will continue to drop as we get into the summer, but further unrest in the Middle East could change that.