CNBC July 09, 2026 • 18:11

Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up - CNBC

By Davis Giangiulio

Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up - CNBC

Odds that gas prices are above $3.50 on Election Day have jumped to 75% on the platform.

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, up from a… [+681 chars]

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