Gas prices in the United States are expected to rise this week, with a 73% chance according to traders on Kalshi. This is due to international and seasonal market pressures, including a tight global oil supply and geopolitical risks. Higher gas prices impact sectors differently, benefiting energy producers but negatively affecting those reliant on fuel. Rising gas prices could dampen consumer sales and increase inflation, impacting major market indices like the S&P 500. Investors anticipate a potential oil supply glut in the near future.

Read more at Yahoo Finance: The Majority of Traders Are Betting that Gas Prices Will Go Up This Week. Here’s Why.