Tuesday, November 30, 2010

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.

No comments:

Post a Comment