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US weekly gasoline demand down 1 pct -MasterCard

Reuters -- NEW YORK, March 16 - U.S. retail gasoline demand fell 1% in the week to March 12, according to a MasterCard SpendingPulse report released on Tuesday.

Gasoline demand averaged 9.523 million barrels per day last week, down from 9.619 million the previous week, the weekly survey showed.

"The decline is not that large, but the largest declines can probably be attributed to weather-related events," said Michael McNamara, VP Research and Analysis for MasterCard Advisors SpendingPulse.

Year-on-year, gasoline demand rose by 1.7 percent for the week

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Submitted Mar 16, 2010 By: DocWyeth

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honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Mar 18, 2010 12:18:27 AM Ignore honda0105 Report Abuse Pete12: of course! Only way for Pig Oil to continue to reap super high profit margins.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Mar 18, 2010 12:17:14 AM Ignore honda0105 Report Abuse spring breakers don't have the $$$ go go far either, so it's no surprise many will stay home this year on Balconia.
Pete12 Champion Author Albany Posts:3,602 Points:1,245,480 Joined:Nov 2005	Message Posted: Mar 17, 2010 2:32:51 PM Ignore Pete12 Report Abuse Demand is down and the price is up. Go figure!
min_fuel Champion Author Philadelphia Posts:1,493 Points:571,345 Joined:Jan 2008	Message Posted: Mar 17, 2010 1:44:11 PM Ignore min_fuel Report Abuse Rick52 is on target. Furthermore, demand is down from from this time last year and this time two years ago. More crude oil finds, especially in the US (Colorado, Wyoming) that some experts say is more oil than the middle east. Who to believe, with the media reporting that $2.5 Trillion in new Taxes are a good thing!
afghaned Champion Author Hamilton Posts:8,502 Points:821,700 Joined:May 2004	Message Posted: Mar 17, 2010 6:36:43 AM Ignore afghaned Report Abuse REPEAT
52MPG Champion Author Dayton Posts:4,909 Points:1,277,505 Joined:Apr 2006	Message Posted: Mar 17, 2010 1:35:55 AM Ignore 52MPG Report Abuse Wait till electric vehicles become available.
phurburger Champion Author Atlanta Posts:2,555 Points:530,670 Joined:Oct 2005	Message Posted: Mar 16, 2010 11:55:53 PM Ignore phurburger Report Abuse Okay, so demand is down and prices are skyrocketing. That's not the way supply and demand works.
lightbulbman2008 Champion Author Worcester Posts:187,204 Points:1,120,175 Joined:Oct 2008	Message Posted: Mar 16, 2010 11:29:09 PM Ignore lightbulbman2008 Report Abuse also agree with Rick52.!!!!
Pozole Champion Author Portland Posts:6,364 Points:1,127,775 Joined:Mar 2005	Message Posted: Mar 16, 2010 11:17:01 PM Ignore Pozole Report Abuse ...what else is expected with prices jamming upwards again ? ?...
Greg6901 All-Star Author Oakland Posts:616 Points:662,035 Joined:Jan 2010	Message Posted: Mar 16, 2010 11:08:28 PM Ignore Greg6901 Report Abuse I agree with Rick also.
npt Veteran Author Raleigh Posts:250 Points:90,680 Joined:Oct 2009	Message Posted: Mar 16, 2010 11:04:30 PM Ignore npt Report Abuse Cut consumption, price will stabilise and may reduce with more Green solutions entering the market.
OHMS Champion Author Orange County Posts:10,797 Points:1,250,520 Joined:May 2005	Message Posted: Mar 16, 2010 11:01:56 PM Ignore OHMS Report Abuse weather; economic forecast; school vacation days; doesn't take much to change one percent; just a few people waiting for tomorrow when the lines are shorter or the prices lower.
alterman156 Champion Author New York Posts:5,085 Points:1,090,550 Joined:Dec 2008	Message Posted: Mar 16, 2010 10:54:11 PM Ignore alterman156 Report Abuse Will higher gas prices in recent days cut demand? Only time will tell.
1Casey Champion Author Albany Posts:4,521 Points:1,419,785 Joined:Jun 2004	Message Posted: Mar 16, 2010 10:24:00 PM Ignore 1Casey Report Abuse Citizens of the U.S.A. are still watching every penny they spend. Many jobs are shaky. Many businesses are not to honorable towards their workers.
MDTDriver Champion Author California Posts:7,445 Points:1,692,760 Joined:Jul 2006	Message Posted: Mar 16, 2010 10:00:50 PM Ignore MDTDriver Report Abuse Shell oil up production this year, demand going down this year, will oil go down, no way!
kidrockTX Champion Author Fort Worth Posts:3,854 Points:508,370 Joined:Sep 2008	Message Posted: Mar 16, 2010 9:59:00 PM Ignore kidrockTX Report Abuse no one has a job to need the gas
mlambo Champion Author Indiana Posts:10,235 Points:2,222,235 Joined:Mar 2005	Message Posted: Mar 16, 2010 9:56:12 PM Ignore mlambo Report Abuse I agree with FastAndy below. I bet if our economy was great a barrel of oil would be over $100 a barrel !!!!
FastAndy Champion Author Indianapolis Posts:4,406 Points:1,576,700 Joined:Jun 2007	Message Posted: Mar 16, 2010 9:52:43 PM Ignore FastAndy Report Abuse Demand is down because oil prices are up and our economy is in the dumps. This is not rocket science and is easy to figure out.
Bill100 Champion Author Grand Rapids Posts:37,369 Points:705,370 Joined:Jan 2010	Message Posted: Mar 16, 2010 9:52:08 PM Ignore Bill100 Report Abuse i agree with rick52
Rick52 Champion Author Milwaukee Posts:9,422 Points:738,335 Joined:Mar 2005	Message Posted: Mar 16, 2010 9:44:09 PM Ignore Rick52 Report Abuse The Economy is in the TOILET!!!! Where did they expect demand to be ??/
zeddieiv Champion Author Columbia Posts:5,651 Points:1,490,920 Joined:Oct 2006	Message Posted: Mar 16, 2010 9:38:31 PM Ignore zeddieiv Report Abuse yep
scrounger Champion Author Vancouver Posts:9,635 Points:2,648,020 Joined:Mar 2003	Message Posted: Mar 16, 2010 9:38:14 PM Ignore scrounger Report Abuse as if mastercard knows all
heysailor Champion Author Pittsburgh Posts:7,231 Points:1,867,135 Joined:Mar 2006	Message Posted: Mar 16, 2010 9:34:38 PM Ignore heysailor Report Abuse Drop some more: Drive a smaller car and drive less.
dbatw Champion Author St. Louis Posts:1,686 Points:341,165 Joined:Apr 2009	Message Posted: Mar 16, 2010 9:29:12 PM Ignore dbatw Report Abuse conserve, conserve, conserve: let's send a message.
tnsilvertip Champion Author Tennessee Posts:1,275 Points:480,960 Joined:Oct 2005	Message Posted: Mar 16, 2010 9:28:16 PM Ignore tnsilvertip Report Abuse No jobs, don't need gas. Wall Street and the banks are going good so all is well.
packards42 Champion Author Washington Posts:4,234 Points:716,195 Joined:Feb 2005	Message Posted: Mar 16, 2010 9:27:06 PM Ignore packards42 Report Abuse to bad year on year is up 1.7%, we can do better to hold the line. all these new high mileage vehicles, yet we consuming more.
oldiesman Champion Author New York Posts:4,216 Points:1,763,875 Joined:May 2006	Message Posted: Mar 16, 2010 9:25:23 PM Ignore oldiesman Report Abuse Could be because of all the bad weather in the northeast, since most roads were unpassable.
brbaritone Champion Author Virginia Posts:1,069 Points:1,270,505 Joined:Jan 2007	Message Posted: Mar 16, 2010 9:23:30 PM Ignore brbaritone Report Abuse Demand goes down, price goes up. Strange times.
kruk Champion Author London Posts:2,996 Points:349,325 Joined:Jan 2007	Message Posted: Mar 16, 2010 9:22:50 PM Ignore kruk Report Abuse maybe just is unemployment level related not weather - seems like most of institution are so blind when comes to economy
fullauto Champion Author Reading Posts:3,312 Points:1,067,550 Joined:Apr 2008	Message Posted: Mar 16, 2010 9:19:40 PM Ignore fullauto Report Abuse people downsized vehicles, upped mpg,still disposed same or more income to drive.
carefrey Champion Author Orlando Posts:3,352 Points:717,375 Joined:Sep 2009	Message Posted: Mar 16, 2010 9:19:06 PM Ignore carefrey Report Abuse To me that's invasion of privacy. It's none of there business as to what I purchase with my credit card.
skynet Champion Author California Posts:2,841 Points:666,810 Joined:May 2008	Message Posted: Mar 16, 2010 9:18:19 PM Ignore skynet Report Abuse BazooQC, Maybe people carpooled to go shopping.
BazooQC Champion Author Montreal Posts:7,330 Points:1,172,480 Joined:Oct 2008	Message Posted: Mar 16, 2010 9:12:09 PM Ignore BazooQC Report Abuse So much for privacy. Mastercard can track how much gas is being bought on Credit Cards. And they draw conclusions based on what people are buying. So ... budget hit people bought less gas. Guess this offsets the other report that showed traders speculating we drove more to the stores because retail sales were up slightly. What wishy washy conclusions.
Bonito Champion Author Dayton Posts:13,049 Points:2,546,485 Joined:Jun 2004	Message Posted: Mar 16, 2010 9:05:31 PM Ignore Bonito Report Abuse Get rid of gasoline autos! Let them swim in their oil!
Chummy37 Champion Author Calgary Posts:1,566 Points:783,620 Joined:Jan 2008	Message Posted: Mar 16, 2010 9:03:35 PM Ignore Chummy37 Report Abuse Gotta keep conserving and mess up the speculators!
briguy101386 Rookie Author Oregon Posts:79 Points:28,810 Joined:Aug 2008	Message Posted: Mar 16, 2010 8:00:36 PM Ignore briguy101386 Report Abuse Cartels and OPEC and Speculators. They are the big three now a days.
WIPACKERFAN Champion Author Chicago Posts:6,480 Points:1,383,835 Joined:Aug 2005	Message Posted: Mar 16, 2010 7:58:08 PM Ignore WIPACKERFAN Report Abuse Demand down, prices up. No sense.
bills55 Champion Author San Diego Posts:2,207 Points:513,955 Joined:Sep 2009	Message Posted: Mar 16, 2010 7:57:35 PM Ignore bills55 Report Abuse I'm with foci33.
mandoid Champion Author Colorado Springs Posts:5,042 Points:1,084,155 Joined:May 2008	Message Posted: Mar 16, 2010 7:57:27 PM Ignore mandoid Report Abuse good comment weirdomania
djgunrunner Champion Author Salt Lake City Posts:7,591 Points:1,887,920 Joined:Apr 2005	Message Posted: Mar 16, 2010 7:56:41 PM Ignore djgunrunner Report Abuse The demand is down by 1 percent and the price is up by 3 percent. Why do I think we are getting hosed some more.
Weirdomania1 Champion Author Orange County Posts:3,128 Points:584,595 Joined:Jan 2008	Message Posted: Mar 16, 2010 7:47:38 PM Ignore Weirdomania1 Report Abuse less jobs... less workers.... less of a need to buy gas... one of the reasons.. I know I've recently donated a gas guzzler.... one family member saving a bunch on gas these days.... went from 8mpg to over 25mpg... not great but better...
tgolf Champion Author Washington Posts:1,325 Points:337,370 Joined:Nov 2008	Message Posted: Mar 16, 2010 7:44:17 PM Ignore tgolf Report Abuse Public mpany..right you mean like Venezuela,etc,. ?
LittleBlueCarNY Champion Author Albany Posts:1,474 Points:654,695 Joined:Apr 2008	Message Posted: Mar 16, 2010 7:44:14 PM Ignore LittleBlueCarNY Report Abuse Interesting thought foci33. Next, we need to figure how to keep government from getting their grubby little hands in it. They'd screw it up for sure.
ILANGE9 Champion Author Illinois Posts:5,190 Points:1,131,750 Joined:Sep 2008	Message Posted: Mar 16, 2010 7:38:42 PM Ignore ILANGE9 Report Abuse Yet prices went up last night.
torch347 All-Star Author Indianapolis Posts:638 Points:768,230 Joined:Jul 2007	Message Posted: Mar 16, 2010 7:34:54 PM Ignore torch347 Report Abuse I agree with you Rajah. Get the jobs back and then you will see the strength of the dollar increase. No jobs, No spending to strengthen the dollar.
silvolvo Veteran Author Twin Cities Posts:258 Points:876,900 Joined:Apr 2008	Message Posted: Mar 16, 2010 7:34:12 PM Ignore silvolvo Report Abuse guessing it is too small of a percentage to impact the price we pay.
REVLAW Champion Author San Antonio Posts:8,027 Points:1,540,265 Joined:Jul 2007	Message Posted: Mar 16, 2010 7:32:06 PM Ignore REVLAW Report Abuse The comparison with last year is a bit falacious in that March 2009 was a period of underlying weakness in demand due to job losses spurred by extremely high prices only a few months earlier.
clement007 Champion Author Cleveland Posts:4,806 Points:1,385,475 Joined:Apr 2005	Message Posted: Mar 16, 2010 7:30:48 PM Ignore clement007 Report Abuse demand down price up America of today everything is backwards.
garman87 Champion Author Austin Posts:2,357 Points:1,942,175 Joined:Aug 2005	Message Posted: Mar 16, 2010 7:28:05 PM Ignore garman87 Report Abuse When you have no job you can't go anywhere.
Rajah Champion Author Illinois Posts:6,593 Points:1,958,595 Joined:Jul 2005	Message Posted: Mar 16, 2010 7:27:02 PM Ignore Rajah Report Abuse Demand is going to stay down until the jobs recovery happens.