US gasoline prices are expected to remain above $4 per gallon according to Bloomberg’s report. The national average has already surpassed this threshold multiple times this year, reaching $4.15 on Labor Day. These high prices reflect ongoing supply constraints and upward pressure on crude oil markets. Current market pricing implies only a 1.8% chance of crude oil hitting a new all-time high by September 30, rising to 13.5% by year-end. Market participants will closely monitor announcements from OPEC and the IEA, geopolitical developments in the Middle East, and U.S. policy changes.
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