“US petrol prices jump 42.2% from year ago amid oil market turmoil The average price of petrol in the United States was 42.2 percent higher in May than a year earlier, according to figures released by the US Transportation Department. The data came as oil prices rose about 1 percent on Tuesday to a one-week high, with markets closely watching developments in talks between Washington and Tehran. The Strait of Hormuz remains a major factor in energy markets, with the near-total blockade disrupting roughly one-fifth of global oil and liquefied natural gas flows and contributing to a sharp rise in crude prices.
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