Gas Prices Likely to Stay Elevated Through Election Day, Kalshi Traders Say
Kalshi traders now price a high probability that U.S. gas prices will stay elevated through the election, with a 75% chance prices exceed $3.50 per gallon on Election Day and 39% above $3.75, up from pre-crisis levels as renewed U.S.-Iran strikes and higher oil prices keep pressure on prices. The national average sits around $3.84/gal (AAA), and a roughly 43% chance remains for prices to top $4.60 this year, though new all-time highs are not expected.