if we see iran get involved in this this country may split even further. bill: house speaker john boehner had words blasting the president and the administration who hailed iraq as a foreign policy success but has been ignoring the problems. it am not like we haven t seen the problem coming for the last year and we haven t seen the last five or six months these terrorists moving in taking control of western iraq. now they have taken control of mosul. they are 100 mile from baghdad. what s the president doing? taking a nap. bill: boehner says what s napping iraq is more evidence of the president s famed policies that are endangering our troops and citizens. reporter: the islamic state of iraq and syria was formed in april of last year.
his group was the only one that fought. $15 billion in hardware and military equipment didn t help them fight the prime minister. this crises will have an effect on gas prices. oil prices hitting a 52high. stuart varney is here. so there is a refinery that produces about 300,000 barrels a day. what is the impact on us now? the immediate impact is that gas prices are beginning to rise. not rapidally but they are going up. we have forecast that the price of regular will go up about ten cents a gallon.