Petrol in US may have reached annual peak

US petrol at the pump may have reached its annual peak the earliest in 14 years, amid rising oil supply, easing Middle East tensions and the takeover of refineries that were threatened by closure.

Prices have slipped 15.1c to $3.79 (€2.90) a gallon (about €0.75 a litre) since reaching a 2012 high of $3.941 on Apr 2, according to the energy department.

The department said prices peaked in April and will average $3.79 a gallon this summer.