Gasoline prices climbed on Wednesday, marking their highest level on record for this time of year.
The national average for regular gas stood at $4.03 per gallon, according to AAA data. That’s about $0.16 higher than a month ago.
The national average “is now at its highest ever level this late in the calendar year,” GasBuddy head of petroleum research Patrick De Haan noted on X, “meaning the national average has never been above $4/gal after Aug. 12 in any previous year- ever.”
Gasoline prices were in their second stretch above $4 per gallon this year, after dipping periodically below that level in June and July.
So far this year, the national average for regular unleaded has spent 103 days, or 46% of its time, at or above $4 per gallon. That marks the highest count of $4-plus gas since 2022, following Russia’s invasion of Ukraine.
NEW YORK, Aug 12 (Reuters) – Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging.
Industry analysts said refiners’ massive profits and strong buyback programs were likely to continue into the third quarter, underscoring how U.S. fuel makers have been among the biggest financial beneficiaries of the Iran war.
The conflict has disrupted global energy shipping and made international buyers willing to pay more to lock in supplies. A wave of attacks on oil refineries in Russia has further tightened supplies, driving up prices for consumers who were already facing inflationary pressures.
SEATTLE, Aug. 13, 2026 /PRNewswire/ — There were an estimated 51.3% more home sellers than buyers in the U.S. housing market in July, just shy of December’s peak of 51.8% and up from 47.9% the month before. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Miami, Nashville and several parts of Texas are the nation’s strongest buyer’s markets, where sellers outnumber buyers by the widest margins.
When sellers outnumber buyers, buyers typically have more negotiating power because they have options. That’s why a market with a lot more sellers than buyers is considered a buyer’s market. Redfin defines a market where there are over 10% more sellers than buyers as a buyer’s market and a market where there are over 10% fewer sellers than buyers as a seller’s market. A market where the gap is plus or minus 10% is considered a balanced market.
READ MORE: https://finance.yahoo.com/real-estate/articles/number-u-homebuyers-just-dropped-123000534.html