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US petrol prices rise by 50% since Iran war over spike in global crude oil rates
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US petrol prices rise by 50% since Iran war over spike in global crude oil rates

The Indian Express·AP·27 days ago
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The price of a gallon of regular gasoline (petrol) climbed 31 cents in the past week, spiking to an average of $4.48 per gallon on Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump is because of the global energy crisis caused by the Iran war. The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months because the Strait of Hormuz, the narrow passage of the Persian Gulf through which a fifth of the world’s crude oil normally passes, has effectively been shut, and oil tankers have been stranded there unable to deliver crude. Many drivers were hopeful in mid-April, amid signs that the conflict could be winding down, and gasoline prices fell daily for almost two weeks.…

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