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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

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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Apr 27, 2012 5:54:50 AM Ignore honda0105 Report Abuse Kar: that went out the door when much of the trading went offshore.
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Apr 27, 2012 5:54:24 AM Ignore honda0105 Report Abuse high prices and credit card companies upping the cost of living significantly.
KAR120CSII Champion Author Oregon Posts:3,182 Points:621,695 Joined:Apr 2010	Message Posted: Apr 27, 2012 2:43:00 AM Ignore KAR120CSII Report Abuse Yes, whatever happened to good old American regulation?
crep1291 Champion Author Ottawa Posts:2,579 Points:481,045 Joined:Dec 2010	Message Posted: Apr 26, 2012 12:35:01 PM Ignore crep1291 Report Abuse 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.
KhelbenArunson Champion Author Michigan Posts:4,446 Points:718,615 Joined:Apr 2008	Message Posted: Apr 26, 2012 10:11:26 AM Ignore KhelbenArunson Report Abuse Demand will continue to spiral down until they re regulate these idiots or we have an alternative fuel.
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Apr 26, 2012 1:30:38 AM Ignore TIGERPAW46 Report Abuse 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.
speedys Champion Author Utah Posts:7,017 Points:2,558,885 Joined:Nov 2005	Message Posted: Apr 26, 2012 12:57:30 AM Ignore speedys Report Abuse I know my demand has gone down.
ricebike Champion Author New Jersey Posts:10,032 Points:1,855,720 Joined:Oct 2005	Message Posted: Apr 26, 2012 12:49:26 AM Ignore ricebike Report Abuse i don't like how my local gas stations are charging more per gallon for using plastic... a flat fee would be better
judgemobile Champion Author Ohio Posts:7,575 Points:2,446,110 Joined:Nov 2005	Message Posted: Apr 26, 2012 12:46:25 AM Ignore judgemobile Report Abuse credit card company don't care about anything but its fees.
10k Champion Author North Carolina Posts:21,259 Points:2,254,995 Joined:May 2006	Message Posted: Apr 26, 2012 12:45:09 AM Ignore 10k Report Abuse 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..
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: Apr 26, 2012 12:42:19 AM Ignore DrLyon Report Abuse Lower anyone...
rawdog1313 Champion Author Lexington Posts:3,304 Points:1,643,780 Joined:May 2008	Message Posted: Apr 26, 2012 12:42:14 AM Ignore rawdog1313 Report Abuse Why yes we have cut back. Wonder why?
abacus44 Champion Author Toms River Posts:3,485 Points:748,715 Joined:Jan 2011	Message Posted: Apr 26, 2012 12:40:47 AM Ignore abacus44 Report Abuse OK
69Bonne Champion Author Gary Posts:1,155 Points:474,125 Joined:Sep 2005	Message Posted: Apr 26, 2012 12:39:13 AM Ignore 69Bonne Report Abuse Okay, then prices should get lower, but will they?
Vette1967 Champion Author Albany Posts:5,972 Points:1,276,975 Joined:Jun 2009	Message Posted: Apr 26, 2012 12:38:35 AM Ignore Vette1967 Report Abuse Oh really?
letmathe Champion Author Chicago Posts:14,316 Points:3,133,295 Joined:May 2001	Message Posted: Apr 26, 2012 12:38:21 AM Ignore letmathe Report Abuse ok
Dragnet Champion Author Arizona Posts:15,406 Points:2,908,760 Joined:Jul 2004	Message Posted: Apr 26, 2012 12:37:53 AM Ignore Dragnet Report Abuse horse and buckboard is the cheapest
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,340 Joined:Mar 2006	Message Posted: Apr 26, 2012 12:35:44 AM Ignore Focus2 Report Abuse There is no cheap gas! Maybe, in Saudi Arabia or countries that subsidize or give their drivers a break.
yakstar Champion Author Montreal Posts:2,420 Points:480,520 Joined:Jan 2012	Message Posted: Apr 26, 2012 12:31:52 AM Ignore yakstar Report Abuse people like cheap gas!
mikaye Champion Author Cleveland Posts:3,834 Points:865,410 Joined:Jun 2010	Message Posted: Apr 26, 2012 12:31:12 AM Ignore mikaye Report Abuse prices are artifically kept high supply and demand do not matter
Rageagainsttm Champion Author Tampa Posts:8,308 Points:1,903,955 Joined:Jul 2007	Message Posted: Apr 26, 2012 12:26:47 AM Ignore Rageagainsttm Report Abuse sure
HEBster Champion Author Kentucky Posts:8,788 Points:2,374,025 Joined:May 2006	Message Posted: Apr 26, 2012 12:26:05 AM Ignore HEBster Report Abuse Got that figured out!
FlyNFool Champion Author South Carolina Posts:8,244 Points:1,685,200 Joined:Aug 2008	Message Posted: Apr 26, 2012 12:24:12 AM Ignore FlyNFool Report Abuse Really?
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: Apr 26, 2012 12:24:02 AM Ignore mgune9 Report Abuse 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!!
hank1326 Champion Author Los Angeles Posts:8,914 Points:1,733,810 Joined:Jun 2008	Message Posted: Apr 26, 2012 12:23:17 AM Ignore hank1326 Report Abuse Prices are still outrageously high here.
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Apr 26, 2012 12:23:14 AM Ignore Toppers Report Abuse Free markets tend to work that way...
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: Apr 26, 2012 12:22:26 AM Ignore joel27nc Report Abuse really
Double_Golden Champion Author San Francisco Posts:2,565 Points:605,610 Joined:Aug 2011	Message Posted: Apr 26, 2012 12:21:44 AM Ignore Double_Golden Report Abuse more drop please...
SavALot Champion Author Virginia Beach Posts:8,474 Points:1,712,585 Joined:Apr 2005	Message Posted: Apr 26, 2012 12:18:21 AM Ignore SavALot Report Abuse Let's see them drop!
mfeldstein Champion Author Ottawa Posts:8,176 Points:1,931,455 Joined:Feb 2007	Message Posted: Apr 26, 2012 12:17:58 AM Ignore mfeldstein Report Abuse All these stats are useless as predictors of price as long as there is unfettered speculation in the market.
Chris46 Champion Author Dayton Posts:23,672 Points:2,082,315 Joined:Sep 2005	Message Posted: Apr 26, 2012 12:17:17 AM Ignore Chris46 Report Abuse Something has to give. And it looks like it's the consumers. I'll wager.
Badjef Champion Author Florida Posts:4,050 Points:818,815 Joined:Jan 2011	Message Posted: Apr 26, 2012 12:17:13 AM Ignore Badjef Report Abuse Car offer freedom. To prohibit people from driving inexpensively is to take away freedom and choice. That is not America - the Beacon of Freedom.
Buddy2264 Champion Author Tampa Posts:11,659 Points:2,360,945 Joined:Oct 2005	Message Posted: Apr 26, 2012 12:17:05 AM Ignore Buddy2264 Report Abuse 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.
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: Apr 26, 2012 12:16:33 AM Ignore crreed1 Report Abuse nobody has a job
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Apr 26, 2012 12:16:06 AM Ignore letterchunker Report Abuse Duh!!!!!!!!!!
quasar502 Champion Author Lansing Posts:3,588 Points:802,325 Joined:Jan 2011	Message Posted: Apr 26, 2012 12:15:41 AM Ignore quasar502 Report Abuse Do ya think?
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 26, 2012 12:15:37 AM Ignore jetskijerry Report Abuse Let's stop buying!
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 26, 2012 12:15:17 AM Ignore jetskijerry Report Abuse Let's get the prices down.
shores4now Champion Author Kentucky Posts:2,411 Points:524,775 Joined:Jul 2009	Message Posted: Apr 26, 2012 12:14:51 AM Ignore shores4now Report Abuse ok
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 26, 2012 12:14:43 AM Ignore jetskijerry Report Abuse I sure have cut back on jet skiing...
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Apr 26, 2012 12:13:16 AM Ignore pastorpaulcg Report Abuse Naturally
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,845 Joined:Sep 2005	Message Posted: Apr 26, 2012 12:13:11 AM Ignore bikerchicklette Report Abuse interesting
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Apr 26, 2012 12:12:08 AM Ignore regout Report Abuse Nothing of this is a surprise.
ssect8 Champion Author Hartford Posts:7,994 Points:2,094,270 Joined:Jun 2006	Message Posted: Apr 26, 2012 12:11:52 AM Ignore ssect8 Report Abuse Poor Master Charge, they won't make as much profit as they would like.
BobD2009 Champion Author Long Island Posts:6,994 Points:1,240,760 Joined:Apr 2009	Message Posted: Apr 26, 2012 12:11:25 AM Ignore BobD2009 Report Abuse Prices dropped to about $4.05 in NY.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Apr 26, 2012 12:10:34 AM Ignore tedjm1 Report Abuse Demand will now increase & prices will rise.
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Apr 26, 2012 12:10:22 AM Ignore Blue_Cruzer Report Abuse Prices dropping around here to $ 3.75
bvrbill Champion Author Eugene Posts:3,223 Points:518,850 Joined:Jul 2011	Message Posted: Apr 26, 2012 12:08:21 AM Ignore bvrbill Report Abuse It's good that demand is decreasing. I'd like to see prices decrease, as well.
millerin Champion Author Orlando Posts:2,310 Points:482,115 Joined:Jan 2012	Message Posted: Apr 26, 2012 12:07:49 AM Ignore millerin Report Abuse hmmm...
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,980 Joined:Mar 2006	Message Posted: Apr 26, 2012 12:07:41 AM Ignore Dodge_Me Report Abuse Hmm