{"id":233858,"date":"2025-11-03T12:37:15","date_gmt":"2025-11-03T17:37:15","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=233858"},"modified":"2025-11-03T14:58:36","modified_gmt":"2025-11-03T19:58:36","slug":"election-update-trade-idea-for-us-gas-prices","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/election-update-trade-idea-for-us-gas-prices\/","title":{"rendered":"Election Update, Trade Idea for US Gas Prices: Nov. 3, 2025"},"content":{"rendered":"\n<p>Despite millions of contracts being traded over the weekend, the probabilities across candidates of the mayoral race in New York City and the gubernatorial contests in New Jersey and Virginia have remained relatively unchanged. Indeed, Mamdani is at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=796056051%7C20251129%7C4%7C&amp;detail=contract_details\" target=\"_blank\" rel=\"noreferrer noopener\">92%<\/a>, Sherrill at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=768815597%7C20260119%7C1%7C2025&amp;detail=contract_details\" target=\"_blank\" rel=\"noreferrer noopener\">83%<\/a> and Spanberger is at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=767906100%7C20260117%7C1%7C2025&amp;detail=contract_details\" target=\"_blank\" rel=\"noreferrer noopener\">94%<\/a> as we approach tomorrow\u2019s elections. Trading has been incredibly active throughout the events, with approximately 15.1 million, 2.4 million and 799k contracts currently open.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1100\" height=\"86\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-1100x86.jpg\" alt=\"IBKR ForecastTrader contract regarding NY mayor race\" class=\"wp-image-233860 lazyload\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/86;width:876px;height:auto\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-1100x86.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-700x54.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-300x23.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1-768x60.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture1.jpg 1222w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"460\" height=\"413\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2.jpg\" alt=\"Pricing of IBKR ForecastTrader contracts regarding NY mayor race\" class=\"wp-image-233861 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2.jpg 460w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture2-300x269.jpg 300w\" data-sizes=\"(max-width: 460px) 100vw, 460px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 460px; aspect-ratio: 460\/413;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"84\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ-1100x84.jpg\" alt=\"IBKR ForecastTrader contract asking if Mikie Sherrill will win the NJ governor race\" class=\"wp-image-233862 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ-1100x84.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ-700x54.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ-300x23.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ-768x59.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture3-NJ.jpg 1528w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/84;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"709\" height=\"478\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4.jpg\" alt=\"Pricing of IBKR ForecastTrader contracts for NJ governor race\" class=\"wp-image-233863 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4.jpg 709w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-700x472.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture4-300x202.jpg 300w\" data-sizes=\"(max-width: 709px) 100vw, 709px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 709px; aspect-ratio: 709\/478;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"90\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia-1100x90.jpg\" alt=\"\" class=\"wp-image-233866 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia-1100x90.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia-700x58.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia-300x25.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia-768x63.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture5-virginia.jpg 1228w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/90;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"458\" height=\"302\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture6.jpg\" alt=\"IBKR ForecastTrader contract regarding Virginia governor race\" class=\"wp-image-233865 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture6.jpg 458w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture6-300x198.jpg 300w\" data-sizes=\"(max-width: 458px) 100vw, 458px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 458px; aspect-ratio: 458\/302;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-us-gas-prices-gt-2-90-tomorrow\"><strong>US Gas Prices &gt;$2.90 Tomorrow<\/strong><\/h3>\n\n\n\n<p>Real-time measures of gasoline prices advanced last week and tomorrow\u2019s update from the Energy Information Administration is likely to reflect that. Indeed, costs probably increased from $3.035 to $3.06 on a seven-day basis, according to my estimate. But the $2.90 threshold is almost impossible to slip to, requiring a 4.4% weekly fall during a period in which charges rose. For that reason, the <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=751047545%7C20251104%7C2.9%7C\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cYes\u201d<\/a> at $2.90 is undervalued at $0.95 in my opinion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"79\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-1100x79.jpg\" alt=\"IBKR ForecastTrader contract and US gasoline prices\" class=\"wp-image-233864 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-1100x79.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-700x50.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-300x21.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-768x55.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-1536x110.jpg 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/11\/Picture7-2048x146.jpg 2048w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/79;\" \/><\/figure>\n\n\n\n<p><em>Source for images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of Nov. 3, 2025.<\/em><\/p>\n\n\n\n<p><em>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<\/em><a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>here<\/strong><\/em><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite millions of contracts being traded over the weekend, the probabilities across candidates of the mayoral race in New York City and the gubernatorial contests in New Jersey and Virginia have remained relatively unchanged.<\/p>\n","protected":false},"author":903,"featured_media":228265,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18929,18,6,9,26,3],"tags":[12719],"contributors-categories":[13760],"class_list":{"0":"post-233858","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-north-america","10":"category-securities","11":"category-text-articles","12":"category-traders-insight","13":"tag-gasoline-prices","14":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Election Update, Trade Idea for US Gas Prices: Nov. 3, 2025<\/title>\n<meta name=\"description\" content=\"Despite millions of contracts being traded over the weekend, the probabilities across candidates of the mayoral race in New York City and the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/233858\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Election Update, Trade Idea for US Gas Prices: Nov. 3, 2025 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Despite millions of contracts being traded over the weekend, the probabilities across candidates of the mayoral race in New York City and the gubernatorial contests in New Jersey and Virginia have remained relatively unchanged.\" \/>\n<meta property=\"og:url\" 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