{"id":518071,"date":"2026-07-09T19:39:09","date_gmt":"2026-07-09T19:39:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/518071\/"},"modified":"2026-07-09T19:39:09","modified_gmt":"2026-07-09T19:39:09","slug":"kalshi-traders-see-higher-gas-prices-lasting-through-election-day","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/518071\/","title":{"rendered":"Kalshi traders see higher gas prices lasting through election day"},"content":{"rendered":"

Motorists purchase gas at a station in Chicago, Illinois, June 9, 2026.<\/p>\n

Scott Olson | Getty Images<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

WTI Crude 5-day chart.<\/p>\n

On Thursday, the national average of gas prices was at $3.84, according to AAA, up 5 cents from the day prior. The rise comes as U.S. oil prices rose as high as $75 per barrel on Wednesday<\/a>, up from around $68 per barrel on Monday. However, WTI eased to below $72 per barrel on Thursday.\u00a0<\/p>\n

While traders on Kalshi think gas prices will remain higher for longer, they also don’t see them returning to new highs. They give just a 43% chance gas prices cross $4.60 this year, although that’s up from about a one-in-three chance before the U.S. and Iran began hostilities again.\u00a0<\/p>\n

The high for gas prices in 2026 was on May 21, when the average hit $4.56. Before the war with Iran began, the national average for U.S. gas prices was below $3 per gallon.\u00a0<\/p>\n

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Motorists purchase gas at a station in Chicago, Illinois, June 9, 2026. Scott Olson | Getty Images Stock…\n","protected":false},"author":2,"featured_media":518072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[251308,252023,2339,138,553,219,2338,16609,220,111,139,69,2340,1430,4233],"class_list":["post-518071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-cl26q","tag-lco26z","tag-breaking-news-markets","tag-business","tag-business-news","tag-economy","tag-investment-strategy","tag-iran","tag-markets","tag-new-zealand","tag-newzealand","tag-nz","tag-stock-markets","tag-united-states","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/518071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=518071"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/518071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/518072"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=518071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=518071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=518071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}