SE3.5

Champion Author
Indianapolis
Posts:11,236 Points:2,184,175 Joined:May 2004
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Message Posted: Jul 4, 2009 8:19:28 AM
Maybe people who used to pay cash for gas don't have any cash, so they are charging their gas on credit cards that they will not be able to pay because they don't have jobs.
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ttwiw

Champion Author
Austin
Posts:1,984 Points:913,920 Joined:Sep 2005
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Message Posted: Jul 4, 2009 8:19:16 AM
Shhhhh! The oil futures traders might hear you!
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BeaverBilly

Champion Author
Alberta
Posts:4,965 Points:1,572,710 Joined:Feb 2003
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Message Posted: Jul 4, 2009 8:18:31 AM
I think people are using "Mastercard" due to the fact they have no job, and no cash. With no cash, you have no choice but "Mastercard" or "Visa" if you must drive. This is misleading from what I can see.
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hoof11

All-Star Author
Pennsylvania
Posts:669 Points:44,995 Joined:May 2009
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Message Posted: Jul 4, 2009 8:17:18 AM
Media Pushed BS Will Drive A Story Anywhere They Want It To Go.
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Matts_Pap

Champion Author
Pennsylvania
Posts:4,578 Points:830,740 Joined:Feb 2008
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Message Posted: Jul 4, 2009 8:14:26 AM
Facts are stubborn things but statistics are more pliable.
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courier400

Champion Author
Kansas
Posts:9,724 Points:2,162,430 Joined:Mar 2004
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Message Posted: Jul 4, 2009 8:11:47 AM
where is that data!
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Joeski1

Champion Author
New Jersey
Posts:3,811 Points:760,455 Joined:Dec 2004
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Message Posted: Jul 4, 2009 8:09:38 AM
demand is up???
and prices are down???
what a joke!!!
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RockCity

Champion Author
Denver
Posts:2,717 Points:484,845 Joined:Mar 2009
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Message Posted: Jul 4, 2009 8:05:34 AM
Bloomberg is truly a fair and balanced news outlet, I do not think they would endorse spinning a story out of perspective with inaccurate figures.
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no1doc

Champion Author
Milwaukee
Posts:7,129 Points:806,410 Joined:Oct 2007
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Message Posted: Jul 4, 2009 8:05:05 AM
Good point jedintheshed. Discover card gives a 5% rebate on automotive items - but, only on the first to $100 of purchases per month.
[Edited by: no1doc at 7/4/2009 8:06:20 AM EST]
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jedintheshed

All-Star Author
Colorado Springs
Posts:943 Points:351,380 Joined:Nov 2008
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Message Posted: Jul 4, 2009 8:01:33 AM
Read the article. All MasterCard is saying is that more people charged thier gas purchase on a charge card.
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sing_1

Champion Author
Florida
Posts:1,028 Points:262,455 Joined:Sep 2007
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Message Posted: Jul 4, 2009 8:00:27 AM
Who wrote that article? Alice in Wonderland?
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zaq001

Sophomore Author
Atlanta
Posts:160 Points:542,160 Joined:Oct 2008
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Message Posted: Jul 4, 2009 8:00:20 AM
It's more likely that consumers are using their credit cards more to buy gas because they don't have jobs! This would skew Master Card's data toward a higher demand
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Wizrd03

Champion Author
Illinois
Posts:3,203 Points:657,530 Joined:Oct 2008
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Message Posted: Jul 4, 2009 7:59:59 AM
Another excuse to raise prices
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Rick01

Champion Author
Utah
Posts:4,010 Points:1,408,890 Joined:Sep 2005
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Message Posted: Jul 4, 2009 7:59:43 AM
It's the work of "spin doctor's" doing what they are paid for. More fiction than truth.
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Dancin

Champion Author
Toronto
Posts:4,215 Points:1,781,450 Joined:Mar 2004
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Message Posted: Jul 4, 2009 7:56:06 AM
Demand is not at an 18 month high.
Mastercard mines its sales data. It does NOT account for changes in price levels (inflation), tax rate changes by state or municipality, nor does it account for inventory changes.
Their data is very suspect.
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rippinusoff

Champion Author
Lexington
Posts:2,459 Points:510,465 Joined:May 2007
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Message Posted: Jul 4, 2009 7:53:16 AM
other articles say this is not true...does anyone in the industry know what what they are talking about?
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fire@53

Champion Author
Philadelphia
Posts:7,056 Points:1,824,425 Joined:May 2003
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Message Posted: Jul 4, 2009 7:50:23 AM
But will the increased driving last past the summer. Many families are hurting with no jobs and higher costs for everything else.
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reichera

Champion Author
Virginia
Posts:6,304 Points:1,112,020 Joined:Aug 2006
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Message Posted: Jul 4, 2009 7:49:12 AM
So, we return to our old habits after the crisis is over.
Oh, wait. The crisis ISN'T over yet. Just an easier hit on the wallet.
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mpskek

Champion Author
Madison
Posts:7,625 Points:1,338,805 Joined:Aug 2006
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Message Posted: Jul 4, 2009 7:48:31 AM
I'm driving a lot more this summer.
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VREP

Champion Author
Vermont
Posts:2,911 Points:601,595 Joined:Aug 2005
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Message Posted: Jul 4, 2009 7:45:18 AM
Hard to belive. Most people I know are driving less this summer.
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Pede

Champion Author
New Jersey
Posts:2,781 Points:396,220 Joined:Apr 2007
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Message Posted: Jul 4, 2009 7:43:02 AM
This sounds like propaganda news you know the kind to falsely justify the rise in gas prices. The most of the other reports show that the demand at an all time low.
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Jizme

Champion Author
Lincoln
Posts:4,908 Points:1,927,115 Joined:Oct 2004
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Message Posted: Jul 4, 2009 7:42:42 AM
I can only hope that the prices continue to drop.
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BamaPack

All-Star Author
Atlanta
Posts:852 Points:227,095 Joined:Sep 2008
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Message Posted: Jul 4, 2009 7:41:07 AM
Once this big travel week is over it will probably decine again.
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The_WB

Champion Author
Detroit
Posts:8,787 Points:1,088,200 Joined:Apr 2007
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Message Posted: Jul 4, 2009 7:39:52 AM
Where did this survey come from. M/C is reporting something wrong -- gasoline consumption, from many other reports is down.
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2granny

Champion Author
Michigan
Posts:4,217 Points:484,050 Joined:Apr 2009
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Message Posted: Jul 4, 2009 7:38:51 AM
Well here we go again, an other reason to rise the price if gas.
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wegman

Champion Author
Twin Cities
Posts:2,898 Points:1,123,755 Joined:Jun 2001
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Message Posted: Jul 4, 2009 7:37:01 AM
This contradicts a lot of the other stories. But it makes some degree of sense - it is driving season AND the prices are a LOT lower than last year AND it appears that the worst of the job losses are behind us. Supply and demand work, regardless of what socialist leaning politicians think.
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bobbyd28

All-Star Author
Virginia
Posts:903 Points:117,850 Joined:Apr 2008
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Message Posted: Jul 4, 2009 7:36:12 AM
that is why the price is always high
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traindude

Champion Author
Virginia Beach
Posts:3,310 Points:780,175 Joined:Jun 2007
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Message Posted: Jul 4, 2009 7:34:41 AM
that's good for another bump at the pump
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rtw777

Champion Author
Florida
Posts:4,394 Points:860,950 Joined:Jan 2008
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Message Posted: Jul 4, 2009 7:33:06 AM
Credit cards for gas are charged $75 then adjusted after purchase a day later.
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PATroy

Veteran Author
Pittsburgh
Posts:464 Points:490,480 Joined:Jun 2008
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Message Posted: Jul 4, 2009 7:29:52 AM
It always goes up this time of year. Not just travel, but people cutting their grass also makes more demand.
Keep on conserving!!!
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21597

Champion Author
Colorado
Posts:4,234 Points:853,250 Joined:Sep 2005
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Message Posted: Jul 4, 2009 7:28:08 AM
This is contrary to many other reports coming out
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Don1222

Champion Author
Michigan
Posts:6,192 Points:759,980 Joined:Jul 2008
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Message Posted: Jul 4, 2009 7:27:38 AM
Support competition for oil. Alternative fuels.
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Prescottonian

Champion Author
Ontario
Posts:1,183 Points:527,395 Joined:Aug 2007
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Message Posted: Jul 4, 2009 7:25:38 AM
Speculators trying their absolute best to keep the prices as high as possible, most like being encouraged to do so by refiners!!!!!
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dave364

Champion Author
Lansing
Posts:1,304 Points:531,375 Joined:Nov 2007
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Message Posted: Jul 4, 2009 7:24:08 AM
He should have been on the highways laslt night and today and seen the traffic
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Beau2140

Champion Author
New York
Posts:3,335 Points:676,560 Joined:Oct 2008
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Message Posted: Jul 4, 2009 7:21:07 AM
More people using credit cards for vacations can cause bad information.
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adr47

Champion Author
Saskatchewan
Posts:2,391 Points:536,470 Joined:Nov 2008
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Message Posted: Jul 4, 2009 7:19:46 AM
we will see
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PaylessKY

Champion Author
Kentucky
Posts:3,570 Points:661,355 Joined:Oct 2008
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Message Posted: Jul 4, 2009 7:19:09 AM
Actually less gas and oil is being used. Its that people have less cash and are using credit more.
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lindact

Champion Author
New Haven
Posts:3,994 Points:784,165 Joined:May 2008
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Message Posted: Jul 4, 2009 7:16:20 AM
I guess this author doesn't know the one who wrote that consumption is down.
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jake7497

Champion Author
Wisconsin
Posts:3,609 Points:631,115 Joined:Aug 2008
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Message Posted: Jul 4, 2009 7:15:07 AM
right. says who?
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outlaw49

Champion Author
Michigan
Posts:3,488 Points:367,760 Joined:Jan 2009
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Message Posted: Jul 4, 2009 7:11:47 AM
This just BS !!!!!!!!
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grandmacbc

Champion Author
Buffalo
Posts:1,716 Points:530,140 Joined:Oct 2008
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Message Posted: Jul 4, 2009 6:53:55 AM
I would tend to believe the gasoline retailers and peto folks for the true facts. It may just be that folks are short on funds and charging more rather than debit cards or cash.
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GasholeMI

Champion Author
Lansing
Posts:5,274 Points:757,565 Joined:Jul 2008
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Message Posted: Jul 4, 2009 6:50:43 AM
How can they possibly say: "With the price of gas low...."?
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hooky

Champion Author
Michigan
Posts:14,039 Points:1,449,345 Joined:Sep 2005
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Message Posted: Jul 4, 2009 6:50:01 AM
But, I thought there was a glut of oil?
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FMREALTOR

Champion Author
Florida
Posts:1,636 Points:756,670 Joined:Jan 2007
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Message Posted: Jul 4, 2009 6:47:51 AM
Yeah, because everyone is putting everything on their cc.
[Edited by: FMREALTOR at 7/4/2009 6:48:28 AM EST]
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Bus561

Champion Author
Lexington
Posts:11,467 Points:2,238,625 Joined:May 2004
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Message Posted: Jul 4, 2009 6:47:48 AM
This is an out right lie that they could have kept from telling.
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HailstormCA

Champion Author
San Diego
Posts:3,472 Points:607,125 Joined:Nov 2008
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Message Posted: Jul 4, 2009 6:46:14 AM
I've heard this before, but don't trust numbers based solely on one credit card company. It's pure guesswork.
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MINImine

Veteran Author
Dayton
Posts:453 Points:625,425 Joined:May 2008
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Message Posted: Jul 4, 2009 6:44:24 AM
Have we learned NOTHING?
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dhawk24

Champion Author
Maine
Posts:3,043 Points:670,405 Joined:Jul 2008
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Message Posted: Jul 4, 2009 6:43:50 AM
I do not believe it..
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Doubleeez

Champion Author
Connecticut
Posts:2,727 Points:542,490 Joined:Sep 2005
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Message Posted: Jul 4, 2009 6:39:31 AM
Who's kidding who? One article says demand is up - another says it's down. Does anyone really know?
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Metroman

Champion Author
Philadelphia
Posts:8,197 Points:1,641,895 Joined:Aug 2003
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Message Posted: Jul 4, 2009 6:38:35 AM
I really doubt this article, at least around here the number of vehicles on the road is down.
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sherlockMS

Champion Author
Mississippi
Posts:1,349 Points:312,640 Joined:Oct 2008
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Message Posted: Jul 4, 2009 6:37:14 AM
sounds like bad news
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9C1

Champion Author
Chicago
Posts:17,673 Points:3,275,670 Joined:Jul 2001
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Message Posted: Jul 4, 2009 6:36:38 AM
How does this relate to the previous story? That one said there was a supply surpless. What is going on?
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