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   An August high for gas
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   Plus: A record July deficit fueled by tariff refunds.
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              Friday, August 14, 2026
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               Gas and diesel prices are setting summer records — and there's no 
relief in sight
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               Gas prices climbed to a record seasonal high on Wednesday, with the national average for regular unleaded reaching $4.03 a gallon, according to Bloomberg. Diesel averaged a mid-August 
record of $5.40 a gallon in the same period.
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               Patrick De Haan, GasBuddy's head of petroleum research, wrote on X that the national average "has never been above $4/gal after Aug. 12 in any previous year — ever." At this point last year, regular gas averaged $3.20 a gallon and diesel was $3.70, according to Bloomberg.
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               The U.S. Energy Information Administration forecasts an average retail 
gasoline price of $3.78 per gallon for 2026 overall. The agency expects Brent crude oil prices to average $85 per barrel in the third quarter of 2026, before dropping to $69 per barrel in 2027 as inventories rebuild and production increases.
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               Gas prices returned to $4 a gallon earlier this summer as the U.S. and Iran resumed hostilities and Washington reimposed a naval blockade around Iranian ports. Prices had peaked at $4.56 a gallon in May before retreating 
briefly. Ongoing U.S.-Iran tensions centered on access to the Strait of Hormuz have contributed to persistent swings in oil prices. Adding to market unease, Houthi strikes targeting Saudi oil tankers in the Red Sea have stoked fears of broader supply disruptions.
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                      <img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F081426-wellput.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3ODY3MDIyNjMuNjYwMTMxMn0:1wuosR:UtbISfbGYGmm5aTDqqKpG9u1kBQMENYr61-AnSow06I" style="width:600px;vertical-align:middle;border:0" width="600"/>
                     </a>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="padding:10px 
20px;font-family:Arial,Helvetica,sans-serif;color:#121721;line-height:1.6;width:560px;background-color:#F9F8F6;font-size:24px;vertical-align:top;mso-line-height-rule:exactly" width="560">
                     <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
                      <span style="color:#121721">
                       Help your kid build smart money habits early
                       <span class="ql-cursor">
                        
                       </span>
                      </span>
                     </h2>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="line-height:1.6;width:560px;background-color:#F9F8F6;padding:20px;color:#121721;font-size:16px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly" width="560">
                     <p>
                      If you have a kid between 6 and 12, you can start teaching them smart money habits right now with Cash App. Kids between 6 and 12 can now have a Cash balance, order a Cash App Card, and start saving, but they don’t get access to the app.* There are no subscription fees, and you control it all through your app and
account.
                     </p>
                     <p>
                      Manage money together
                     </p>
                     <ul class="marker-bold">
                      <li>
                       <strong>
                        A Cash App Card designed by them:
                       </strong>
                       They get their own debit card to design, made by them, with you alongside. They can spend their allowance or money from chores, but you can set spending limits.
                      </li>
                      <li>
                       <strong>
                        3.25% interest on savings:
                       </strong>
                       Kids can earn 3.25% interest and start building strong saving habits early.**
                      </li>
                      <li>
                       <strong>
                        Safe money transfers:
                       </strong>
                       You can choose up to 5 people who can send them money. They can't send money or buy stocks or
bitcoin.
                      </li>
                      <li>
                       <strong>
                        Parent-controlled account:
                       </strong>
                       They can't log in on their own, and they don't need a phone. You control their account and see their activity.
                      </li>
                     </ul>
                    </td>
                   </tr>
                   <tr class="trpad10" style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" style="width:580px;background-color:#F9F8F6;vertical-align:middle;text-align:center;color:#00D5FF;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px" width="580">
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                         <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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                           <tr>
                            <td height="50" style="vertical-align:middle;text-align:center;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
                             <!--[if !mso]><!-->
                             <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: 1px solid #000000; display: block; 
" target="_blank">
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                                <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
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                                  <tbody>
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                                    <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px">
                                     <!--[if !mso]><!-->
                                     <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: 
Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">
                                      Create Your Cash App Account Today
                                     </span>
                                     <!--<![endif]-->
                                     <!--[if mso]><a href="https://www.ne16.com/t/11079722/222404108/8219490/1/1009235/?f5d63f87=REIlMjAwOC0xNA&x=481ccebc" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Create 
Your Cash App Account Today</a><![endif]-->
                                    </td>
                                   </tr>
                                  </tbody>
                                 </table>
                                </td>
                               </tr>
                              </tbody>
                             </table>
                             <!--[if !mso]><!-->
                             <!--<![endif]-->
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="background-color:#F9F8F6;padding:5px 20px;font-size:8px;width:560px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="560">
                     <div>
                      Cash App is a financial services platform, not a bank. Banking services provided by Cash 
App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Savings provided by Cash App, a Block Inc. brand. *Parents and legal guardians can open a managed account for kids 6-12. To view the eligibility requirements for sponsoring a teen or child, please visit the Sponsored Accounts
section of the Cash App Terms of Service. **Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn interest on your Cash App savings balance, you need to have sponsor approval. Exceptions may apply. Savings yield rate is subject to change.
                     </div>
                    </td>
                   </tr>
                   <tr style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                     <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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                  </tbody>
                 </table>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img 
src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Today's Poll
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <div class="editor-email-poll" data-pollid="abc2dedb-feba-4d5b-a31b-be24adce994d">
              <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
               Has $4 gas changed how much you drive?
              </h2>
              <div>
               <br/>
              </div>
              <div class="editor-poll-answers classic">
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto 8px auto" width="100%">
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                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
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                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; 
font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">
                                Yes. I'm driving less to save money
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a 
href="https://www.ne16.com/t/11079722/222404108/10354375/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNA&x=9978d93c" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes. I'm driving less to save 
money</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
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                </tbody>
               </table>
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                <tbody>
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                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
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                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
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                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                No. I'm paying it and moving on
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11079722/222404108/10354376/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNA&x=cb302602" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; 
">No. I'm paying it and moving on</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
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                    </tbody>
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               </table>
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                <tbody>
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                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
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                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                I've cut other spending instead
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11079722/222404108/10354377/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0xNA&x=8d82c1c6" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; 
">I've cut other spending instead</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
              </div>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Here's what you need to know
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
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                 <a aria-label="Linked image" style="color:#121721" target="_blank">
                  <img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FDonald%2520%250ATrump.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODY3MDIyNjMuNjYwMjl9:1wuosR:fF6RbjlRKL04sfoSTq1-vk79QNrO6kLR6RVGoavOBJQ" style="width:200px;vertical-align:middle;border:0" width="200"/>
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                 <div>
                  <strong style="color:#17253D">
                   <a data-linktext="Anthropic's investors are targeting a record $2 trillion IPO." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Anthropic's investors are targeting a record $2 trillion IPO.
                   </a>
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                  The reported valuation target would surpass the benchmark $1.77 trillion SpaceX set when it went public in June. Anthropic last raised capital at a $965 billion valuation and filed confidentially for an IPO in June.
                 </div>
                </td>
               </tr>
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                   <a data-linktext="Google launches a new lower-cost AI model for coding." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Google launches a new lower-cost AI model for coding.
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                  The company is billing Gemini 3.7 Flash as a cheaper alternative for autonomous AI 
systems. Google says the model handles coding work more effectively and delivers improved performance in the finance, law, and biosciences fields.
                 </div>
                </td>
               </tr>
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                   <a data-linktext="Apple is in talks to pay publishers for news content." data-linktype="Normal" style="color:#17253D" target="_blank">
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                  </span>
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                   <a data-linktext="OpenAI is replacing its CRO for the second time in a year." data-linktype="Normal" style="color:#17253D" target="_blank">
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                  Chief Revenue Officer Denise Dresser will be replaced by Dali Rajic, who most recently served as president and chief 
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                 </div>
                </td>
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               The U.S. federal government posted a budget deficit of $432.3 billion in July, the most ever recorded in the calendar month, as outlays climbed and tariff refunds pushed customs revenues into negative territory for the third 
consecutive month.
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               Compared with July a year earlier, the deficit expanded by $141 billion, making it the biggest monthly shortfall recorded since March 2021, according to Reuters. Without any major corporate or individual tax revenue collected in July, the month is one of the most prone to deficits, recording one in 70 of 72 fiscal years.
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               Total outlays reached $766 billion, a new July 
record and a 22% jump over the same month last year. Net revenue for July totaled $334 billion, falling $4 billion short of the prior-year figure. Customs duties were a net negative $8.55 billion thanks to an outflow of $33.38 billion in tariff refunds, which the Trump administration was forced to issue after the Supreme Court declared President Donald Trump's broad emergency levies illegal in February.
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               The cumulative deficit for the first 10 months of fiscal 2026 
reached $1.799 trillion, exceeding the full fiscal 2025 shortfall of $1.775 trillion with two months remaining in the current fiscal year.
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