Price of petrol in US jumps by nearly 30 cents in one week amid Strait of Hormuz blockade and Iran diplomatic deadlock.The average price of one gallon (3.8 litres) of gasoline in the United States has reached $4.30, according to the American Automobile Association (AAA), up from less than $3 before the February 28 start of the US-Israel war on Iran.Thursday’s prices come as US President Donald Trump insists that time is on his side in the standoff with Iran, even as he refuses Tehran’s offers of a preliminary deal to reopen the Strait of Hormuz.Recommended Stories list of 3 itemsend of listAccording to AAA, prices for gas or petrol went up by 27 cents over the past week amid the deepening impasse, with Iran blocking the strait and the US imposing a naval siege on Iranian ports.“The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen,” AAA said in a brief report on Thursday.“Gas prices are the highest they’ve been in four years, since late July 2022.”California, home to nearly 40 million people, saw petrol prices hit more than $6 per gallon on Thursday.The spike in energy prices has been fuelling inflation and economic uncertainty, adding to Trump’s political woes.The US president’s approval rating is hitting record lows amid growing discontent with the conflict with Iran, recent public opinion polls show.Since the start of the war, Trump and his allies have been trying to frame the h …
