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Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up
Kalshi traders predict a 75% chance that gas prices will exceed $3.50 on Election Day in November, driven by rising U.S.-Iran tensions. The odds reflect expectations of prolonged higher gas prices due to geopolitical factors.
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Adjacent reporting
- Trump says gas prices may be high 'for a little while'
- Iran war leaves U.S. gas prices at highest levels in nearly four years ahead of Memorial Day
- Experts say gas prices will remain sticky, especially if Iran conflict flares up again
- Experts say gas prices could be impacted by the new airstrikes in the Middle East
- European Natural Gas Edges Higher as Traders Monitor Hormuz Risk
- Get used to higher gas prices this year