US gasoline futures fall to $3.31 after seven-week high amid energy-strike agreement

  • US gasoline futures fell to around $3.31 after touching a seven-week high.
  • $4.60 is the projected 2026 threshold for average US gasoline prices in prediction markets.
  • President Zelenskyy said Kyiv would suspend attacks if Russia stopped striking energy facilities.

US gasoline futures fell to around $3.31 a gallon after reaching a seven-week high, as President Trump said Ukraine and Russia had agreed not to strike energy infrastructure. President Zelenskyy later confirmed the understanding and said Kyiv was ready to suspend attacks if Russia stopped targeting its electricity systems and other energy facilities. The apparent de-escalation was offset by delayed Gulf negotiations over a temporary shipping lane through the Strait of Hormuz and Saudi Arabia's closure of its East-West pipeline. Those developments added to concerns about crude availability and refinery feedstock amid continuing infrastructure attacks and shipping disruptions. Prediction markets assign a high probability to the average US gasoline price exceeding $4.60 in 2026, after the price had already reached $4.32 on September 14, according to AAA.

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