Will gas hit __ by end of July?
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This hub tracks 11 outcomes of this event, with the news signals that move them.
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Gasoline prices in the US are rising again Data from the fuel tracking company indicates that gasoline prices in the country are set to rise to $4 per barrel due to US tensions in the Middle East. The average price of gasoline in the US on Tuesday (July 13) was $3.84 per gallon, up about 9.8 cents from the previous week. Gasoline prices have increased by 22.2 percent compared to the previous year. Patrick DeHaan, an analyst at Gasoline, wrote on his blog on Monday (July 12): "I now predict that the average price of gasoline across the US will reach $4 per gallon within the next 7 to 10 days, maybe sooner." It is also likely that the average price of diesel in the US by the end of this week, Simon-Peter Massabni, director of business development at energy brokerage XS (XS), said: "While US inflation data in June indicated a decrease in price pressure due to falling energy prices, the continuation of gasoline price increases in July could quickly change this direction." shana.ir/news/2345439 @Shananewsroom
Live: This reprieve in prices may be short lived. The price of gasoline has already risen slightly from last week as renewed fighting from last week has constricted supply. And of course, the costs that consumers experience may not fall as fast as wholesale prices, since gasoline retailers tend to recover their profits by keeping prices at the pump slightly higher even as their own inputs get less expensive.
What is this event about?
This market will resolve to "Yes" if on any day between market creation and July 31, 2026, the average US regular gas price is equal to or above the listed price. Otherwise, the market will resolve to "No".
Only the first two decimal digits of the reported price will be considered (e.g., if the price is reported as $3.257, this market will use $3.25 as the price).
The resolution source for this market will be information from the American Automobile Association (AAA), presently found here: https://gasprices.aaa.com/. Specifically, the cell under "Regular" and for the row "Current Avg".