Gas Prices Expected to Exceed $4.60 in 2026 Amid Oil Rise

U.S. oil prices have surpassed $100 per barrel, driving gasoline prices to multi-month highs. Traders on prediction markets predict a 71% chance that the national average gas price will exceed $4.60 per gallon in 2026. The price peaked at $4.56 per gallon on May 21 according to AAA's national average, and there are 57% odds for prices to top $4.80 and over 40% for prices to surpass $5.00. This trend is significant as higher gas prices can impact consumer spending and inflation, affecting ordinary investors.