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GasBuddy News Article

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High prices damp U.S. gasoline demand: MasterCard

Reuters -- Demand for U.S. gasoline fell last week as high prices at the pump persisted, MasterCard said on Tuesday in its weekly Spending Pulse.

Gasoline demand fell 6.1 percent from a year earlier as a gallon of the fuel at the pump cost 1.3 percent more than it did last year, MasterCard said.

Gasoline use was unchanged from the previous week.

Retail prices, however, fell 2 cents a gallon from the previous week to $3.90 a gallon in the week to April 20, MasterCard said.

The report also said the four-week moving average for demand fell for the 57th straight time, down 4.7 percent from a comparable period a year ago.

Demand was hit hardest last week in the Midwest region, where year-over-year declines were as high as 7.7 percent.

Meanwhile, U.S. motorists have opted to cut back on driving ...


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Submitted Apr 25, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

Posts:24,518
Points:2,501,315
Joined:Nov 2008
Message Posted: Apr 27, 2012 5:54:50 AM

Kar: that went out the door when much of the trading went offshore.
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honda0105
Champion Author Tallahassee

Posts:24,518
Points:2,501,315
Joined:Nov 2008
Message Posted: Apr 27, 2012 5:54:24 AM

high prices and credit card companies upping the cost of living significantly.
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KAR120CSII
Champion Author Oregon

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Points:1,327,150
Joined:Apr 2010
Message Posted: Apr 27, 2012 2:43:00 AM

Yes, whatever happened to good old American regulation?
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crep1291
Champion Author Ottawa

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Points:567,950
Joined:Dec 2010
Message Posted: Apr 26, 2012 12:35:01 PM

Just goes to show how much American consumers were wasting. And it's not because of unemployment level. There are fewer unemployed people this year than there was a year ago.
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KhelbenArunson
Champion Author Michigan

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Message Posted: Apr 26, 2012 10:11:26 AM

Demand will continue to spiral down until they re regulate these idiots or we have an alternative fuel.
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TIGERPAW46
Champion Author Florida

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Message Posted: Apr 26, 2012 1:30:38 AM

Average driving per yr = around 12,000 miles. Gas price double from $2 to $ 4.00/ gal. Typical fair MPG around = 20 mpg. :: amount of Gasoline/yr. = 600 gal.
@ $2.00/G = $1,200/yr. At $4.00/G = double or $2,400/yr.
or instead of $100/mo for gas jumps to $200/mo.

so what did you expect to happen to consumptiom.
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speedys
Champion Author Utah

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Message Posted: Apr 26, 2012 12:57:30 AM

I know my demand has gone down.
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ricebike
Champion Author New Jersey

Posts:13,001
Points:2,611,435
Joined:Oct 2005
Message Posted: Apr 26, 2012 12:49:26 AM

i don't like how my local gas stations are charging more per gallon for using plastic... a flat fee would be better
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judgemobile
Champion Author Ohio

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Message Posted: Apr 26, 2012 12:46:25 AM

credit card company don't care about anything but its fees.
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10k
Champion Author North Carolina

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Points:3,093,575
Joined:May 2006
Message Posted: Apr 26, 2012 12:45:09 AM

high prices and no job definitely cut into my driving..

and gas prices are down here 7¢ in one week-that ain't news..news is when its $0.99/gallon..
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DrLyon
Champion Author Michigan

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Message Posted: Apr 26, 2012 12:42:19 AM

Lower anyone...
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rawdog1313
Champion Author Lexington

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Message Posted: Apr 26, 2012 12:42:14 AM

Why yes we have cut back. Wonder why?
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abacus44
Champion Author Toms River

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Message Posted: Apr 26, 2012 12:40:47 AM

OK
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69Bonne
Champion Author Gary

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Message Posted: Apr 26, 2012 12:39:13 AM

Okay, then prices should get lower, but will they?
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Vette1967
Champion Author Albany

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Message Posted: Apr 26, 2012 12:38:35 AM

Oh really?
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letmathe
Champion Author Chicago

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Joined:May 2001
Message Posted: Apr 26, 2012 12:38:21 AM

ok
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Dragnet
Champion Author Arizona

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Message Posted: Apr 26, 2012 12:37:53 AM

horse and buckboard is the cheapest
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Focus2
Champion Author Illinois

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Message Posted: Apr 26, 2012 12:35:44 AM

There is no cheap gas! Maybe, in Saudi Arabia or countries that subsidize or give their drivers a break.
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yakstar
Champion Author Montreal

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Message Posted: Apr 26, 2012 12:31:52 AM

people like cheap gas!
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mikaye
Champion Author Cleveland

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Joined:Jun 2010
Message Posted: Apr 26, 2012 12:31:12 AM

prices are artifically kept high supply and demand do not matter
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Rageagainsttm
Champion Author Tampa

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Message Posted: Apr 26, 2012 12:26:47 AM

sure
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HEBster
Champion Author Kentucky

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Message Posted: Apr 26, 2012 12:26:05 AM

Got that figured out!
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FlyNFool
Champion Author South Carolina

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Joined:Aug 2008
Message Posted: Apr 26, 2012 12:24:12 AM

Really?
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mgune9
All-Star Author Dallas

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Points:200,395
Joined:Feb 2012
Message Posted: Apr 26, 2012 12:24:02 AM

summer travel will take a hit this year for sure - especially if we see more wide spread use of those "extra fees" for using your plastic at the pump!!
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hank1326
Champion Author Los Angeles

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Message Posted: Apr 26, 2012 12:23:17 AM

Prices are still outrageously high here.
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Toppers
Champion Author Atlanta

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Message Posted: Apr 26, 2012 12:23:14 AM

Free markets tend to work that way...
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joel27nc
Champion Author Raleigh

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Message Posted: Apr 26, 2012 12:22:26 AM

really
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Double_Golden
Champion Author San Francisco

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Message Posted: Apr 26, 2012 12:21:44 AM

more drop please...
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SavALot
Champion Author Virginia Beach

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Message Posted: Apr 26, 2012 12:18:21 AM

Let's see them drop!
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mfeldstein
Champion Author Ottawa

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Joined:Feb 2007
Message Posted: Apr 26, 2012 12:17:58 AM

All these stats are useless as predictors of price as long as there is unfettered speculation in the market.
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Chris46
Champion Author Dayton

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Joined:Sep 2005
Message Posted: Apr 26, 2012 12:17:17 AM

Something has to give. And it looks like it's the consumers. I'll wager.
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Badjef
Champion Author Florida

Posts:7,626
Points:1,709,690
Joined:Jan 2011
Message Posted: Apr 26, 2012 12:17:13 AM

Car offer freedom. To prohibit people from driving inexpensively is to take away freedom and choice.

That is not America - the Beacon of Freedom.
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Buddy2264
Champion Author Tampa

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Message Posted: Apr 26, 2012 12:17:05 AM

They keep testing at what price we slow down in our fuel buying. The keep testing us at high $3.00 range, and I would expect it will stay there.
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crreed1
Champion Author West Virginia

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Message Posted: Apr 26, 2012 12:16:33 AM

nobody has a job
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letterchunker
Champion Author Texas

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Message Posted: Apr 26, 2012 12:16:06 AM

Duh!!!!!!!!!!
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quasar502
Champion Author Lansing

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Message Posted: Apr 26, 2012 12:15:41 AM

Do ya think?
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jetskijerry
Champion Author North Carolina

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Message Posted: Apr 26, 2012 12:15:37 AM

Let's stop buying!
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jetskijerry
Champion Author North Carolina

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Message Posted: Apr 26, 2012 12:15:17 AM

Let's get the prices down.
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shores4now
Champion Author Kentucky

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Message Posted: Apr 26, 2012 12:14:51 AM

ok
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jetskijerry
Champion Author North Carolina

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Joined:Mar 2011
Message Posted: Apr 26, 2012 12:14:43 AM

I sure have cut back on jet skiing...
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pastorpaulcg
Champion Author Virginia

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Message Posted: Apr 26, 2012 12:13:16 AM

Naturally
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bikerchicklette
Champion Author Washington

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Message Posted: Apr 26, 2012 12:13:11 AM

interesting
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regout
Champion Author Quebec

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Joined:May 2010
Message Posted: Apr 26, 2012 12:12:08 AM

Nothing of this is a surprise.
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ssect8
Champion Author Hartford

Posts:10,119
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Joined:Jun 2006
Message Posted: Apr 26, 2012 12:11:52 AM

Poor Master Charge, they won't make as much profit as they would like.
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BobD2009
Champion Author Long Island

Posts:10,428
Points:2,074,340
Joined:Apr 2009
Message Posted: Apr 26, 2012 12:11:25 AM

Prices dropped to about $4.05 in NY.
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tedjm1
Champion Author New York

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Joined:Dec 2006
Message Posted: Apr 26, 2012 12:10:34 AM

Demand will now increase & prices will rise.
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Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Apr 26, 2012 12:10:22 AM

Prices dropping around here to $ 3.75
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bvrbill
Champion Author Eugene

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Message Posted: Apr 26, 2012 12:08:21 AM

It's good that demand is decreasing. I'd like to see prices decrease, as well.
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millerin
Champion Author Orlando

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Message Posted: Apr 26, 2012 12:07:49 AM

hmmm...
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Dodge_Me
Champion Author Atlanta

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Joined:Mar 2006
Message Posted: Apr 26, 2012 12:07:41 AM

Hmm
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PoohMcGoo
Champion Author Alabama

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Joined:Dec 2010
Message Posted: Apr 26, 2012 12:06:41 AM

Good
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