Economics3d left

What will the U.S. avg. price of regular gasoline be on July 31, 2026?

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About

Gasoline prices have fallen sharply over the past several weeks as crude oil markets reacted positively to reports of a U.S.-Iran agreement and a potential reopening of the Strait of Hormuz. The national average has fallen from approximately $4.56 per gallon in late May to roughly $4.04 today. -AAA Fuel Prices Oil markets remain highly sensitive to developments in the Middle East. Reuters reported that a tentative agreement could eventually restore Iranian oil exports and reopen the Strait of Hormuz, one of the world’s most important energy chokepoints. -Reuters If shipping lanes normalize and oil continues to retreat toward pre-war levels, gasoline prices could continue falling throughout the summer. Conversely, any breakdown in negotiations, renewed military action, refinery outages, or hurricane disruptions could send prices higher again. -The Guardian

Resolution

Criteria

This market will resolve according to the AAA National Average Price for a gallon of Regular Unleaded Gasoline published on July 31, 2026. The official resolution source shall be the AAA National Gas Prices database. If AAA data is unavailable, equivalent data published by the U.S. Energy Information Administration (EIA) may be used.

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Context

The average U.S. price of regular gasoline has fluctuated in recent years, influenced by global demand, oil prices, and geopolitical events. Key factors that will determine the outcome include summer travel demand, OPEC production levels, and any potential disruptions to refineries or pipelines. To track the price of gasoline, watch for updates from the AAA National Gas Prices database and the U.S. Energy Information Administration, as well as news on global oil markets and U.S. economic trends.

Price History

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Recent News

US gas prices may remain high despite a potential US-Iran deal and recent ceasefire, as the effects of higher prices for gas, groceries, and flights are likely to persist. Oil and gas prices have retreated slightly following the US-Iran ceasefire, but it is unclear if this decrease will be sustained.

Closes 3d left
Resolves Aug 1, 2026, 12:00 AM UTC

Created by @sunman

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