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US Gasoline Weekly Use -0.8% To 8.799 Million B/D - SpendingPulse

Dow Jones --
--Year-on-year demand down for 32nd straight week

--Four-week demand hasn't topped year ago since March 2011

--Retail gasoline price +2 cents in week; highest in 11 months

.S. weekly gasoline demand fell 0.8%, to 8.799 million barrels a day in the week ended April 6, according to a SpendingPulse report released Tuesday by MasterCard Advisors LLC, a division of MasterCard Inc. (MA).

The drop of 68,000 barrels a day follows a rise of 222,000 barrels a day a week earlier.

Demand dropped by 2.4%, or 219,000 barrels a day, from a year ago. Gasoline demand has lagged the year-ago level for 32 straight weeks.

Four-week demand fell 4.7%, or 430,000 barrels a day from a year ago, to 8.772 million barrels a day, but was the highest since Dec. 30.

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Submitted Apr 10, 2012 By: johntxx

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gbs1 Champion Author Minnesota Posts:1,996 Points:741,625 Joined:Mar 2011	Message Posted: Apr 11, 2012 5:18:13 AM Ignore gbs1 Report Abuse We are using less and exporting a lot more refined fuels, resulting in high prices for Americans.
52MPG Champion Author Dayton Posts:7,262 Points:1,741,705 Joined:Apr 2006	Message Posted: Apr 10, 2012 11:57:34 PM Ignore 52MPG Report Abuse Prices up. Usage down. Simple economics.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Apr 10, 2012 11:52:14 PM Ignore 36_ACRES_4_SALE Report Abuse :)
mwc407 Champion Author North Carolina Posts:1,095 Points:558,085 Joined:Jan 2011	Message Posted: Apr 10, 2012 11:10:26 PM Ignore mwc407 Report Abuse Demand down and prices up. WTH ??
bl626 All-Star Author Toledo Posts:824 Points:242,355 Joined:Feb 2011	Message Posted: Apr 10, 2012 10:27:46 PM Ignore bl626 Report Abuse less gas consumed, stocks going up, prices should be falling consistently... let's see how long it last...
jimgraham Champion Author Akron Posts:10,372 Points:1,979,960 Joined:Oct 2007	Message Posted: Apr 10, 2012 10:15:42 PM Ignore jimgraham Report Abuse Even tho there is less gas being sold, the profits for the oil companies is higher - both in percentages of sales and in real dollar amounts. They could care less how much gas costs us - as long it is more profitable today than it was yesterday.
wrunner Champion Author Virginia Posts:4,440 Points:1,136,360 Joined:Dec 2009	Message Posted: Apr 10, 2012 10:13:50 PM Ignore wrunner Report Abuse Drivers are finding ways to save on gas, good for them.
Meowmy Champion Author Florida Posts:1,293 Points:348,105 Joined:Jan 2011	Message Posted: Apr 10, 2012 7:13:29 PM Ignore Meowmy Report Abuse Price goes up, demand goes down. Simple enough.
DerHahn Champion Author Illinois Posts:13,709 Points:2,114,135 Joined:May 2004	Message Posted: Apr 10, 2012 6:48:03 PM Ignore DerHahn Report Abuse would like to see how much usage has dropped since 2008 then see what kind of excuses some of these writers come up with for the high prices
ToolinIt Champion Author Colorado Posts:1,803 Points:887,195 Joined:May 2010	Message Posted: Apr 10, 2012 3:10:01 PM Ignore ToolinIt Report Abuse Conserving gas usage doesn't effect the price of gas because they just export it for higher profits. Perhaps an export tax would keep more of the oil and gas here?
carrek Sophomore Author Seattle Posts:230 Points:189,475 Joined:Aug 2005	Message Posted: Apr 10, 2012 2:53:25 PM Ignore carrek Report Abuse This is a no brainer. Raise the price, and people will get less gas for the same amount of money, so they will drive less if they can. Probably most people are spending more on gas this year than last year though, even though they are driving less.