MANIFOLD
Will US gas prices hit $6/gallon in 2026?
4
Ṁ200Ṁ285
Dec 31
13%
chance

Resolves YES if the AAA national average regular gasoline price reaches or exceeds $6.00 per gallon on any single day in 2026.

Resolution Source

AAA Gas Prices — the standard national average for regular unleaded.

Current Situation (April 3, 2026)

  • National average: $4.08/gallon (up $1.08 in March alone)

  • WTI crude oil: $111/barrel and climbing

  • Strait of Hormuz disrupted since March 2

  • US-Iran war ongoing since February 28

  • Gas prices lag crude by ~2 weeks

Historical Context

  • US all-time record: $5.02/gallon (June 2022)

  • $6.00 would be unprecedented — 20% above the all-time high

What could push it to $6

  • Strait of Hormuz fully closed

  • War escalation hitting Kharg Island (90% of Iran oil exports)

  • Summer driving season demand spike

What keeps it below $6

  • Strategic Petroleum Reserve release

  • Ceasefire or de-escalation

  • Demand destruction

  • OPEC+ production increases

Market context
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bought Ṁ10 YES

I don’t think it’s likely but 10% is undervalued

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