US weekly gasoline demand down 3.6 pct -MasterCard

NEW YORK, April 13 (BestGrowthStock) – U.S. retail gasoline demand
dropped 3.6 percent in the week to April 9, according to a
MasterCard SpendingPulse report released on Tuesday.

Gasoline demand averaged 9.298 million barrels per day last
week, the weekly survey showed.

Gasoline demand fell 1.1 percent from the same period last
year, SpendingPulse showed.

Consumption of the motor fuel in the world’s top oil
consumer over the last four weeks averaged 1.1 percent higher

The national average retail price for gasoline rose 4 cents
over the week to $2.84 per gallon, but was up 39.2 percent from
year-ago levels.

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. MasterCard Advisors is a unit of MasterCard
Inc (MA.N: ).

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(Reporting by Rebekah Kebede)

US weekly gasoline demand down 3.6 pct -MasterCard