Bloomberg News

U.S. Gasoline Demand Fell 1.6% Last Week, MasterCard Says

February 05, 2013

Gasoline demand was 8.5 million barrels a day last week, MasterCard Inc. (MA:US) said, down 1.6 percent from the previous week.

The data from MasterCard’s SpendingPulse report is for the week ended Feb. 1. Consumption the prior week was 8.64 million barrels a day, up 3.2 percent from the seven days ended Jan. 18.

The four-week average for the week ended Feb. 1 was 0.1 percent higher than a year earlier. It’s been down from the previous year every week except one since March 18, 2011.

The average pump price rose 8 cents in the past week to $3.41 a gallon, 1.7 percent lower than a year earlier.

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.

To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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Companies Mentioned

  • MA
    (MasterCard Inc)
    • $76.63 USD
    • 0.94
    • 1.23%
  • V
    (Visa Inc)
    • $216.16 USD
    • 0.90
    • 0.42%
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