GasBuddy News Article

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Gasoline Demand Is At An 18 Month High

The Business Insider -- Maybe all the talk about peak gasoline is bunk. With the price of gas low, and peak driving season upon us, Mastercard reports that U.S. gasoline consumption was the highest it's been in a year and a half:

Bloomberg: Motorists bought an average 9.695 million barrels of gasoline a day in the week ended June 26, MasterCard, the second-biggest credit-card company, said in its weekly SpendingPulse report. That’s 1.6 percent above a year earlier and the most since the week ended Dec. 21, 2007.

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Submitted Jul 03, 2009 By: GM

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SE3.5 Champion Author Indianapolis Posts:9,770 Points:1,900,250 Joined:May 2004	Message Posted: Jul 4, 2009 8:19:28 AM Ignore SE3.5 Report Abuse 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.
ttwiw All-Star Author Austin Posts:833 Points:657,020 Joined:Sep 2005	Message Posted: Jul 4, 2009 8:19:16 AM Ignore ttwiw Report Abuse Shhhhh! The oil futures traders might hear you!
brutus Champion Author Alberta Posts:3,529 Points:1,289,840 Joined:Feb 2003	Message Posted: Jul 4, 2009 8:18:31 AM Ignore brutus Report Abuse 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.
hoof11 All-Star Author Pennsylvania Posts:530 Points:28,490 Joined:May 2009	Message Posted: Jul 4, 2009 8:17:18 AM Ignore hoof11 Report Abuse Media Pushed BS Will Drive A Story Anywhere They Want It To Go.
Matts_Pap Champion Author Pennsylvania Posts:3,136 Points:546,815 Joined:Feb 2008	Message Posted: Jul 4, 2009 8:14:26 AM Ignore Matts_Pap Report Abuse Facts are stubborn things but statistics are more pliable.
courier400 Champion Author Kansas Posts:8,529 Points:1,927,880 Joined:Mar 2004	Message Posted: Jul 4, 2009 8:11:47 AM Ignore courier400 Report Abuse where is that data!
Joeski1 Champion Author New Jersey Posts:2,252 Points:476,590 Joined:Dec 2004	Message Posted: Jul 4, 2009 8:09:38 AM Ignore Joeski1 Report Abuse demand is up??? and prices are down??? what a joke!!!
RockCity Champion Author Denver Posts:1,360 Points:234,760 Joined:Mar 2009	Message Posted: Jul 4, 2009 8:05:34 AM Ignore RockCity Report Abuse 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.
no1doc Champion Author Milwaukee Posts:3,756 Points:526,650 Joined:Oct 2007	Message Posted: Jul 4, 2009 8:05:05 AM Ignore no1doc Report Abuse 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]
jedintheshed All-Star Author Colorado Springs Posts:579 Points:195,015 Joined:Nov 2008	Message Posted: Jul 4, 2009 8:01:33 AM Ignore jedintheshed Report Abuse Read the article. All MasterCard is saying is that more people charged thier gas purchase on a charge card.
sing_1 Champion Author Florida Posts:1,027 Points:259,460 Joined:Sep 2007	Message Posted: Jul 4, 2009 8:00:27 AM Ignore sing_1 Report Abuse Who wrote that article? Alice in Wonderland?
zaq001 Sophomore Author Atlanta Posts:122 Points:306,775 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:00:20 AM Ignore zaq001 Report Abuse 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
Wizrd03 Champion Author Illinois Posts:1,790 Points:378,515 Joined:Oct 2008	Message Posted: Jul 4, 2009 7:59:59 AM Ignore Wizrd03 Report Abuse Another excuse to raise prices
Rick01 Champion Author Utah Posts:2,559 Points:1,132,335 Joined:Sep 2005	Message Posted: Jul 4, 2009 7:59:43 AM Ignore Rick01 Report Abuse It's the work of "spin doctor's" doing what they are paid for. More fiction than truth.
Dancin Champion Author Toronto Posts:3,279 Points:1,540,840 Joined:Mar 2004	Message Posted: Jul 4, 2009 7:56:06 AM Ignore Dancin Report Abuse 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.
rippinusoff Champion Author Lexington Posts:1,032 Points:228,490 Joined:May 2007	Message Posted: Jul 4, 2009 7:53:16 AM Ignore rippinusoff Report Abuse other articles say this is not true...does anyone in the industry know what what they are talking about?
fire@53 Champion Author Philadelphia Posts:5,675 Points:1,553,595 Joined:May 2003	Message Posted: Jul 4, 2009 7:50:23 AM Ignore fire@53 Report Abuse But will the increased driving last past the summer. Many families are hurting with no jobs and higher costs for everything else.
reichera Champion Author Virginia Posts:4,809 Points:849,115 Joined:Aug 2006	Message Posted: Jul 4, 2009 7:49:12 AM Ignore reichera Report Abuse 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.
mpskek Champion Author Madison Posts:6,225 Points:1,068,435 Joined:Aug 2006	Message Posted: Jul 4, 2009 7:48:31 AM Ignore mpskek Report Abuse I'm driving a lot more this summer.
VREP Champion Author Vermont Posts:1,531 Points:328,395 Joined:Aug 2005	Message Posted: Jul 4, 2009 7:45:18 AM Ignore VREP Report Abuse Hard to belive. Most people I know are driving less this summer.
Pede Champion Author New Jersey Posts:2,074 Points:273,800 Joined:Apr 2007	Message Posted: Jul 4, 2009 7:43:02 AM Ignore Pede Report Abuse 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.
Jizme Champion Author Lincoln Posts:3,476 Points:1,646,265 Joined:Oct 2004	Message Posted: Jul 4, 2009 7:42:42 AM Ignore Jizme Report Abuse I can only hope that the prices continue to drop.
BamaPack All-Star Author Atlanta Posts:602 Points:143,720 Joined:Sep 2008	Message Posted: Jul 4, 2009 7:41:07 AM Ignore BamaPack Report Abuse Once this big travel week is over it will probably decine again.
The_WB Champion Author Detroit Posts:7,382 Points:813,350 Joined:Apr 2007	Message Posted: Jul 4, 2009 7:39:52 AM Ignore The_WB Report Abuse Where did this survey come from. M/C is reporting something wrong -- gasoline consumption, from many other reports is down.
2granny Champion Author Michigan Posts:2,240 Points:202,605 Joined:Apr 2009	Message Posted: Jul 4, 2009 7:38:51 AM Ignore 2granny Report Abuse Well here we go again, an other reason to rise the price if gas.
wegman Champion Author Twin Cities Posts:1,504 Points:848,475 Joined:Jun 2001	Message Posted: Jul 4, 2009 7:37:01 AM Ignore wegman Report Abuse 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.
bobbyd28 All-Star Author Virginia Posts:745 Points:96,770 Joined:Apr 2008	Message Posted: Jul 4, 2009 7:36:12 AM Ignore bobbyd28 Report Abuse that is why the price is always high
traindude Champion Author Virginia Beach Posts:2,081 Points:510,340 Joined:Jun 2007	Message Posted: Jul 4, 2009 7:34:41 AM Ignore traindude Report Abuse that's good for another bump at the pump
rtw777 Champion Author Florida Posts:2,937 Points:577,250 Joined:Jan 2008	Message Posted: Jul 4, 2009 7:33:06 AM Ignore rtw777 Report Abuse Credit cards for gas are charged $75 then adjusted after purchase a day later.
PATroy Sophomore Author Pittsburgh Posts:162 Points:250,895 Joined:Jun 2008	Message Posted: Jul 4, 2009 7:29:52 AM Ignore PATroy Report Abuse It always goes up this time of year. Not just travel, but people cutting their grass also makes more demand. Keep on conserving!!!
21597 Champion Author Colorado Posts:2,696 Points:569,325 Joined:Sep 2005	Message Posted: Jul 4, 2009 7:28:08 AM Ignore 21597 Report Abuse This is contrary to many other reports coming out
Don1222 Champion Author Michigan Posts:4,542 Points:477,405 Joined:Jul 2008	Message Posted: Jul 4, 2009 7:27:38 AM Ignore Don1222 Report Abuse Support competition for oil. Alternative fuels.
Prescottonian Champion Author Ontario Posts:1,183 Points:527,395 Joined:Aug 2007	Message Posted: Jul 4, 2009 7:25:38 AM Ignore Prescottonian Report Abuse Speculators trying their absolute best to keep the prices as high as possible, most like being encouraged to do so by refiners!!!!!
dave364 Veteran Author Lansing Posts:462 Points:278,285 Joined:Nov 2007	Message Posted: Jul 4, 2009 7:24:08 AM Ignore dave364 Report Abuse He should have been on the highways laslt night and today and seen the traffic
Beau2140 Champion Author New York Posts:1,913 Points:395,560 Joined:Oct 2008	Message Posted: Jul 4, 2009 7:21:07 AM Ignore Beau2140 Report Abuse More people using credit cards for vacations can cause bad information.
adr47 All-Star Author Saskatchewan Posts:969 Points:257,945 Joined:Nov 2008	Message Posted: Jul 4, 2009 7:19:46 AM Ignore adr47 Report Abuse we will see
PaylessKY Champion Author Kentucky Posts:1,430 Points:377,430 Joined:Oct 2008	Message Posted: Jul 4, 2009 7:19:09 AM Ignore PaylessKY Report Abuse Actually less gas and oil is being used. Its that people have less cash and are using credit more.
lindact Champion Author New Haven Posts:2,588 Points:512,735 Joined:May 2008	Message Posted: Jul 4, 2009 7:16:20 AM Ignore lindact Report Abuse I guess this author doesn't know the one who wrote that consumption is down.
jake7497 Champion Author Wisconsin Posts:2,363 Points:407,960 Joined:Aug 2008	Message Posted: Jul 4, 2009 7:15:07 AM Ignore jake7497 Report Abuse right. says who?
outlaw49 Champion Author Michigan Posts:1,660 Points:165,385 Joined:Jan 2009	Message Posted: Jul 4, 2009 7:11:47 AM Ignore outlaw49 Report Abuse This just BS !!!!!!!!
grandmacbc Veteran Author Buffalo Posts:457 Points:291,545 Joined:Oct 2008	Message Posted: Jul 4, 2009 6:53:55 AM Ignore grandmacbc Report Abuse 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.
GasholeMI Champion Author Lansing Posts:3,814 Points:473,940 Joined:Jul 2008	Message Posted: Jul 4, 2009 6:50:43 AM Ignore GasholeMI Report Abuse How can they possibly say: "With the price of gas low...."?
hooky Champion Author Michigan Posts:12,254 Points:1,173,070 Joined:Sep 2005	Message Posted: Jul 4, 2009 6:50:01 AM Ignore hooky Report Abuse But, I thought there was a glut of oil?
FMREALTOR All-Star Author Florida Posts:624 Points:484,790 Joined:Jan 2007	Message Posted: Jul 4, 2009 6:47:51 AM Ignore FMREALTOR Report Abuse Yeah, because everyone is putting everything on their cc. [Edited by: FMREALTOR at 7/4/2009 6:48:28 AM EST]
Bus561 Champion Author Lexington Posts:10,008 Points:1,954,700 Joined:May 2004	Message Posted: Jul 4, 2009 6:47:48 AM Ignore Bus561 Report Abuse This is an out right lie that they could have kept from telling.
HailstormCA Champion Author San Diego Posts:2,198 Points:355,240 Joined:Nov 2008	Message Posted: Jul 4, 2009 6:46:14 AM Ignore HailstormCA Report Abuse I've heard this before, but don't trust numbers based solely on one credit card company. It's pure guesswork.
MINImine Veteran Author Dayton Posts:441 Points:402,210 Joined:May 2008	Message Posted: Jul 4, 2009 6:44:24 AM Ignore MINImine Report Abuse Have we learned NOTHING?
dhawk24 Champion Author Maine Posts:1,649 Points:398,175 Joined:Jul 2008	Message Posted: Jul 4, 2009 6:43:50 AM Ignore dhawk24 Report Abuse I do not believe it..
Doubleeez Champion Author Connecticut Posts:1,282 Points:280,535 Joined:Sep 2005	Message Posted: Jul 4, 2009 6:39:31 AM Ignore Doubleeez Report Abuse Who's kidding who? One article says demand is up - another says it's down. Does anyone really know?
Metroman Champion Author Philadelphia Posts:7,142 Points:1,400,515 Joined:Aug 2003	Message Posted: Jul 4, 2009 6:38:35 AM Ignore Metroman Report Abuse I really doubt this article, at least around here the number of vehicles on the road is down.
sherlockMS Champion Author Mississippi Posts:1,349 Points:310,315 Joined:Oct 2008	Message Posted: Jul 4, 2009 6:37:14 AM Ignore sherlockMS Report Abuse sounds like bad news
9C1 Champion Author Chicago Posts:16,146 Points:2,991,765 Joined:Jul 2001	Message Posted: Jul 4, 2009 6:36:38 AM Ignore 9C1 Report Abuse How does this relate to the previous story? That one said there was a supply surpless. What is going on?