U.S. regular gasoline prices reached a record Labor Day weekend average of $4.1505 per gallon, according to AAA, surpassing the previous holiday record set in 2012. Strong demand and potential supply constraints are contributing to the increase, with California, Hawaii and Washington reporting higher averages. The move has intensified attention on crude oil futures, contracts tied to future oil prices, and market expectations for new highs. Polymarket, a prediction market, puts the likelihood of crude oil reaching a new all-time high by September 30 at 2%, unchanged over the past 24 hours but down from 3% a week earlier. The probability of reaching a milestone by December 31 is higher at 9.5%. Geopolitical tensions and global energy-supply concerns remain central to the outlook, with OPEC (oil producers’ group) Secretary General Mohammad Sanusi Barkindo and Saudi Minister of Energy Abdulaziz bin Salman Al Saud among the key figures in discussions about possible production adjustments. Attention will turn to upcoming OPEC meetings, geopolitical developments involving Middle Eastern countries and announcements from the Energy Information Administration. Further supply constraints could raise the December 31 probability, while new data may support or challenge current price trends. The article also promotes live prediction-market analysis powered by Vera and invites users to sign up.