Story perspectives
Oil prices top $100, pushing gasoline to multi-month highs
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Story summary
- U.S. oil prices climb above $100 per barrel, sending gasoline prices to multi-month highs.
- Gasoline prices peaked at $4.56 per gallon on May 21, according to AAA's national average.
- Kalshi traders assign a 71% chance gasoline will exceed $4.60 per gallon in 2026.
- Kalshi speculators give a 57% odds gasoline will top $4.80 per gallon.
- Kalshi speculators place just over a 40% chance gasoline will cross $5.00 per gallon.
