Prediction market traders think gas prices will hit new highs for the year

Kalshi prediction-market traders assign more than a 70% probability that U.S. gasoline prices will exceed $4.60 per gallon in 2026, following recent gains in oil prices. The implied level would surpass the prior 2026 peak of $4.56 per gallon recorded on May 21, signaling increased fuel-cost pressure for consumers.