Gasoline demand was 8.95 million barrels a day last week, MasterCard Inc. (MA:US) said, up 4.5 percent from the previous week.
The data from MasterCard’s SpendingPulse report is for the week ended Dec. 21. Consumption the prior week was 8.56 million barrels a day, up 0.5 percent from the seven days ended Dec. 7.
The four-week average for the week ended Dec. 21 was 3.3 percent below a year earlier. It’s been down from the previous year every week except one since March 18, 2011. Year-to-date fuel consumption is 3.6 percent below the same period in 2011.
The average pump price fell 8 cents in the past week to $3.23 a gallon, unchanged from a year earlier. Prices reached a year-to-date peak of $3.94 on April 6.
The report from Purchase, New York-based MasterCard is assembled by MasterCard Advisors, the company’s consulting arm. The information is based on credit-card swipes and cash and check payments at about 140,000 U.S. gasoline stations.
Visa Inc. (V:US) is the biggest payments network company by transactions processed.
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