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:11,236 Points:2,184,175 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 Champion Author Austin Posts:1,984 Points:913,920 Joined:Sep 2005	Message Posted: Jul 4, 2009 8:19:16 AM Ignore ttwiw Report Abuse Shhhhh! The oil futures traders might hear you!
BeaverBilly Champion Author Alberta Posts:4,965 Points:1,572,710 Joined:Feb 2003	Message Posted: Jul 4, 2009 8:18:31 AM Ignore BeaverBilly 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:669 Points:44,995 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:4,578 Points:830,740 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:9,724 Points:2,162,430 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:3,811 Points:760,455 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:2,717 Points:484,845 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:7,129 Points:806,410 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:943 Points:351,380 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:1,028 Points:262,455 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:160 Points:542,160 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:3,203 Points:657,530 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:4,010 Points:1,408,890 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:4,215 Points:1,781,450 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:2,459 Points:510,465 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:7,056 Points:1,824,425 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:6,304 Points:1,112,020 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:7,625 Points:1,338,805 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:2,911 Points:601,595 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:2,781 Points:396,220 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:4,908 Points:1,927,115 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:852 Points:227,095 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:8,787 Points:1,088,200 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:4,217 Points:484,050 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:2,898 Points:1,123,755 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:903 Points:117,850 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:3,310 Points:780,175 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:4,394 Points:860,950 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 Veteran Author Pittsburgh Posts:464 Points:490,480 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:4,234 Points:853,250 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:6,192 Points:759,980 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 Champion Author Lansing Posts:1,304 Points:531,375 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:3,335 Points:676,560 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 Champion Author Saskatchewan Posts:2,391 Points:536,470 Joined:Nov 2008	Message Posted: Jul 4, 2009 7:19:46 AM Ignore adr47 Report Abuse we will see
PaylessKY Champion Author Kentucky Posts:3,570 Points:661,355 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:3,994 Points:784,165 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:3,609 Points:631,115 Joined:Aug 2008	Message Posted: Jul 4, 2009 7:15:07 AM Ignore jake7497 Report Abuse right. says who?
outlaw49 Champion Author Michigan Posts:3,488 Points:367,760 Joined:Jan 2009	Message Posted: Jul 4, 2009 7:11:47 AM Ignore outlaw49 Report Abuse This just BS !!!!!!!!
grandmacbc Champion Author Buffalo Posts:1,716 Points:530,140 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:5,274 Points:757,565 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:14,039 Points:1,449,345 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 Champion Author Florida Posts:1,636 Points:756,670 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:11,467 Points:2,238,625 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:3,472 Points:607,125 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:453 Points:625,425 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:3,043 Points:670,405 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:2,727 Points:542,490 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:8,197 Points:1,641,895 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:312,640 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:17,673 Points:3,275,670 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?