Kalshi traders see gas prices crossing $4 by end of July
Traders on the Kalshi platform have increased the probability of U.S. gas prices exceeding $4 per gallon by the end of July to 93%. This speculation follows rising oil prices and renewed U.S. military strikes against Iranian forces in the Strait of Hormuz.
Why it matters
Rising fuel costs impact consumer inflation and broader economic stability, making energy market volatility a key concern for the U.S. economy.
Odds that gas prices will go above $4 per gallon by the end of this month have jumped to 90% from 56% on Kalshi in the last two days.
The article reports on market data and geopolitical events using standard financial journalism practices.
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