The turmoil in the Middle East has driven U.S. gasoline prices to a national average of $4.09 per gallon. Brent crude, the global oil benchmark, stands at around $87 per barrel, with analysts projecting an average of $85.22 per barrel in 2026. The probability of crude oil reaching new all-time highs remains modest but grows over time, from 5.8% by September 30 to 14.5% by December 31. OPEC and the International Energy Agency are key actors to watch as markets anticipate continued volatility.
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