US Retail Gasoline Demand Down 2.7%, Mastercard Relates

US Retail Gasoline Demand Down 2.7% – Mastercard. U.S. retail gasoline demand fell 2.7 percent last week as prices rose to their highest level this year, MasterCard Advisors’ SpendingPulse report showed on Tuesday. Average gasoline demand fell by 255,000 barrels per day (bpd) to 9.182 million bpd in the week to Dec. 10. Demand was 1.3 percent lower than levels seen the same week last year. Over the latest four weeks, U.S. gasoline consumption was 0.3 percent lower year-over-year. Average retail gasoline prices went up 9 cents to $2.96 a gallon, according to MasterCard.

(Hat Tip Between The Hedges)

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