CNBC·3 min read·medium
Kalshi traders see higher gas prices lasting through election day
D
Davis Giangiulio
✦AI Summary
Traders on the prediction market platform Kalshi anticipate that elevated gas prices will likely persist through Election Day, November 3, influenced by renewed U.S.-Iran tensions and uncertainty regarding traffic in the Strait of Hormuz. The odds for gas prices exceeding $3.50 and $3.75 per gallon have significantly increased following recent Middle East developments.
With the U.S. and Iran exchanging strikes once again — and the return of normal traffic flows in the Strait of Hormuz in doubt — traders on prediction market platform Kalshi think gas prices will likely still be elevated for longer now.
economybusinesspoliticsworld
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