World Petroleum prices in US exceeds $5 per Gallon for the first time by News Line June 12, 2022 written by News Line June 12, 2022 14 views 14 Petroleum prices in US exceeds $5 per Gallon for the first time Petroleum prices rose to $5 a gallon on Saturday, according to Reuters. In the United States, one gallon contains four and a half liters. Oil prices are rising worldwide due to rising demand, sanctions on Russia and declining crude refining capacity. Read Police called to Cook County State Attorney Kim Foxx’s Home after Husband Claims He slapped her A year ago, the average price of petrol in the United States was $3.07, which has risen by 62% so far. Petroleum prices in the United States were 35 percent higher in May this year than in 2021. This has led to an overall increase in the prices of consumer goods. Commodity prices rose 8.6 percent in May this year compared to last year. This year, the 40-year record of inflation in the United States has been broken. Oil prices have risen sharply since Russia invaded Ukraine in February this year and imposed economic sanctions. Which has affected world oil prices and inflation. The current price of a barrel of crude oil in the British capital London and the American city of New York is $120. 0 comment 0 FacebookTwitterPinterestEmail News Line Blogger and Content writer previous post John Cena: I couldn’t conceptualize the shift to television and screen next post The world’s first electric solar car ready, what will be the price? Related Posts A coal mine fire in southern China’s Guizhou province kills... September 25, 2023 Another Sikh leader of the Khalistan Movement killed in Canada September 21, 2023 Putin to meet Chinese president next month, report September 20, 2023 Bitter meeting of the Canadian High Commissioner in the Indian... September 19, 2023 India could be behind killing of Canadian Sikh Leader: Trudeau September 19, 2023 9 Juvenile Inmates Escape from Pennsylvania’s Abraxas Academy September 18, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.