Gasoline Demand -.3% Y on Y
NEW YORK, Nov 30 (Reuters) - U.S. retail gasoline demand rose 2.3 percent last week from the week before but fell slightly year-on-year, tempered by winter weather and increased air travel, MasterCard Advisors' SpendingPulse report showed on Tuesday.
Average gasoline demand rose 211,000 barrels per day (bpd) to 9.33 million bpd in the week to Nov. 26 compared with the previous week, although that represented a drop of 0.3 percent from the same week last year.
The reporting period includes the Thanksgiving holiday, which MasterCard had expected to boost demand as consumers traveled to visit their families.
Over the latest four weeks, U.S. gasoline consumption fell 0.3 percent year-on-year.
Average retail gasoline prices slid 2 cents versus the previous week to $2.86 a gallon, MasterCard said.
MasterCard Advisors estimates retail gasoline demand based on aggregate sales activity in the MasterCard payments system coupled with estimates for all other payment forms including cash and checks.