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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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sherlockMS Champion Author Mississippi Posts:1,349 Points:312,640 Joined:Oct 2008	Message Posted: Jul 4, 2009 5:37:14 AM Ignore sherlockMS Report Abuse sounds like bad news
9C1 Champion Author Chicago Posts:17,710 Points:3,282,595 Joined:Jul 2001	Message Posted: Jul 4, 2009 5:36:38 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?
VetteFan Champion Author Indiana Posts:4,881 Points:1,068,395 Joined:Aug 2005	Message Posted: Jul 4, 2009 5:32:04 AM Ignore VetteFan Report Abuse If this story is true, it will just fire up investors to buy more and drive the price up. We have to use less not more.
Ringmaster2008 Champion Author Ontario Posts:2,957 Points:503,860 Joined:Apr 2008	Message Posted: Jul 4, 2009 5:31:28 AM Ignore Ringmaster2008 Report Abuse We have to keep conserving
neptune2008 Champion Author Michigan Posts:3,640 Points:717,205 Joined:Aug 2008	Message Posted: Jul 4, 2009 5:30:37 AM Ignore neptune2008 Report Abuse its the 4th of July...duh...of course people are trying to enjoy life, drive somewhere...nuts...
K1500 Champion Author Birmingham Posts:1,055 Points:187,170 Joined:May 2008	Message Posted: Jul 4, 2009 5:22:35 AM Ignore K1500 Report Abuse Didn't the other two say the demand was at a low? That makes a lot more sense than it being at a high, as we all know that's not true.
jlkirk Champion Author Calgary Posts:3,797 Points:816,575 Joined:May 2006	Message Posted: Jul 4, 2009 5:18:06 AM Ignore jlkirk Report Abuse Burn it burn it , now that is what makes us happy in Canada . Keep using it as much as you can . We need to create jobs here and need the US to consume more
OTISFL All-Star Author Pensacola Posts:828 Points:148,380 Joined:Apr 2009	Message Posted: Jul 4, 2009 5:09:36 AM Ignore OTISFL Report Abuse One article contradicts another, who to believe?
G.Lee Champion Author Colorado Springs Posts:16,012 Points:2,441,510 Joined:Sep 2003	Message Posted: Jul 4, 2009 4:58:07 AM Ignore G.Lee Report Abuse 1.6 percent above a year earlier is not much of an improvement when you consider gas was above $4 a gallon last year.
WonderfulMI Champion Author Michigan Posts:5,877 Points:813,325 Joined:Jun 2008	Message Posted: Jul 4, 2009 4:57:30 AM Ignore WonderfulMI Report Abuse Hard to believe!
Petrock Champion Author Lexington Posts:4,433 Points:1,606,430 Joined:Apr 2005	Message Posted: Jul 4, 2009 4:56:57 AM Ignore Petrock Report Abuse If we all keep driving more the price of gas will NOT go down and stay down. We need to conserve, but I fear the only way to make Americans conserve is to have high prices.
lpj Champion Author Macon Posts:7,420 Points:1,528,990 Joined:Apr 2006	Message Posted: Jul 4, 2009 4:53:56 AM Ignore lpj Report Abuse up 5 cents at some stations here !!
NotTom Champion Author New Hampshire Posts:2,404 Points:729,060 Joined:Aug 2005	Message Posted: Jul 4, 2009 4:52:21 AM Ignore NotTom Report Abuse Gas prices dropped on average 2 cents yesterday.
whyus Champion Author Atlanta Posts:4,207 Points:922,365 Joined:Feb 2007	Message Posted: Jul 4, 2009 4:46:23 AM Ignore whyus Report Abuse They are lying. I think demand is still lower.
Hunter724 Champion Author New Hampshire Posts:3,225 Points:673,145 Joined:Sep 2008	Message Posted: Jul 4, 2009 4:44:45 AM Ignore Hunter724 Report Abuse Oil prices should be going down!!!
BM4225 Champion Author Atlanta Posts:5,486 Points:1,179,285 Joined:Aug 2006	Message Posted: Jul 4, 2009 4:42:55 AM Ignore BM4225 Report Abuse Hey it's the 4th weekend, some people who are working will travel.
FASTR1 Champion Author Michigan Posts:5,285 Points:841,520 Joined:May 2007	Message Posted: Jul 4, 2009 4:41:11 AM Ignore FASTR1 Report Abuse I agree with bigdogOH, these stories are always contradicting themselves every day.
theawesome1 Champion Author Cleveland Posts:3,666 Points:811,115 Joined:Aug 2005	Message Posted: Jul 4, 2009 4:37:06 AM Ignore theawesome1 Report Abuse Folks are driving, not flying with bagage, food & drink charges, pay toilets are next. But as interviews went they are ot driving more than 2 hours. Same as we do to Erie to gamble since Ohio horse racing tracks do not have RACINOS. They pay us $10 to play slots with & that lasted 8 hours, we get casino rate of $79 at suite hotels that have 2 hour cocktail parties for Racino guests. And we both get a free lunch buffet good til 3:30. We eat at 3PM so we get dinner too. The the 5 races at the horse track & at night it is party time with the jockeys & their failies. [Edited by: theawesome1 at 7/4/2009 5:38:05 AM EST]
BigDogOH Champion Author Cincinnati Posts:3,557 Points:834,340 Joined:Mar 2008	Message Posted: Jul 4, 2009 4:28:50 AM Ignore BigDogOH Report Abuse Yesterday they said it was down
gordonfan05 Champion Author Georgia Posts:1,868 Points:663,435 Joined:Apr 2005	Message Posted: Jul 4, 2009 4:24:29 AM Ignore gordonfan05 Report Abuse More people are probablly using more Mastercard credit/debit cards than ever before. You can't use cash to pay at pump.
harleydoctor Champion Author Kansas Posts:2,500 Points:967,905 Joined:Sep 2005	Message Posted: Jul 4, 2009 4:16:35 AM Ignore harleydoctor Report Abuse What a bunch of BS......
fratt Champion Author Grand Rapids Posts:4,959 Points:1,673,155 Joined:Jul 2005	Message Posted: Jul 4, 2009 4:10:42 AM Ignore fratt Report Abuse I dont belive it, Keep conserving!
Mark929 Champion Author Oakland Posts:3,185 Points:623,260 Joined:Jul 2008	Message Posted: Jul 4, 2009 4:09:27 AM Ignore Mark929 Report Abuse Gas usage goes up after school gets out because families are going on vacations.
Chasms Champion Author Orange County Posts:20,308 Points:1,690,150 Joined:Aug 2005	Message Posted: Jul 4, 2009 4:02:36 AM Ignore Chasms Report Abuse This is ~No More~ than some "DRUNKEN Investors" Holiday FANTASY ='Rumor'= in an -Attempt- to TRY and spur a Money-Making-Monday-Morning!! This IDIOT must think we're -ALL- Deaf, Dumb, Blind & Stupid! Anyone care to bet me that such an imbosile [sp] Was NOT even ~born~ in this country?? I DARE YOU!!!!!!!!!!! All I can do is ROFL! [Edited by: Chasms at 7/4/2009 5:08:15 AM EST]
twobroke61 Champion Author Michigan Posts:3,463 Points:624,710 Joined:Sep 2008	Message Posted: Jul 4, 2009 4:01:26 AM Ignore twobroke61 Report Abuse more people using there credit cards because they have no cash and when they can not pay the card they will loose that too along with the house and the car
eromitlab Champion Author Huntsville Posts:4,028 Points:822,690 Joined:May 2008	Message Posted: Jul 4, 2009 3:58:21 AM Ignore eromitlab Report Abuse And today I heard on one of the networks that the amount of miles driven is down almost 11% from this time last year, the amount of miles driven has steadily fallen since gas hit its peak last summer, and the falling price of gas didn't reverse the slide. Just more proof that whatever you think, you can find some sort of "expert" to justify it.
granitestater Champion Author New Hampshire Posts:4,116 Points:639,500 Joined:Oct 2008	Message Posted: Jul 4, 2009 3:48:48 AM Ignore granitestater Report Abuse Either you believe the report or you don't. But to disbelieve the actual figures of reported gasoline consumption boders on lunacy...
moremissions200 Champion Author Rhode Island Posts:5,670 Points:1,160,280 Joined:Jan 2007	Message Posted: Jul 4, 2009 3:42:43 AM Ignore moremissions200 Report Abuse don't believe it
Saturn93 Champion Author Salt Lake City Posts:4,250 Points:1,016,715 Joined:Oct 2006	Message Posted: Jul 4, 2009 3:34:05 AM Ignore Saturn93 Report Abuse the recession isn't over yet.
bobdec Champion Author Florida Posts:4,294 Points:841,575 Joined:May 2008	Message Posted: Jul 4, 2009 3:28:03 AM Ignore bobdec Report Abuse Listen to the Bloomberg nuts and you will go broke
Tenshot All-Star Author Quad Cities Posts:610 Points:973,700 Joined:May 2005	Message Posted: Jul 4, 2009 3:18:01 AM Ignore Tenshot Report Abuse Trying to pay cash with each fill
LoneStarFX Champion Author Austin Posts:6,777 Points:1,289,425 Joined:Mar 2005	Message Posted: Jul 4, 2009 3:13:10 AM Ignore LoneStarFX Report Abuse iv
georgeo Champion Author California Posts:2,526 Points:103,060 Joined:May 2009	Message Posted: Jul 4, 2009 3:10:37 AM Ignore georgeo Report Abuse Bloomberg is trying to paint a dismal picture and is using specious date to support his conjecture. Why? Trying to influence the market and pick up a few shekels?
vulcan96 Champion Author Ohio Posts:17,957 Points:2,133,020 Joined:Aug 2004	Message Posted: Jul 4, 2009 2:55:43 AM Ignore vulcan96 Report Abuse sae ole, same ole bs
CISA Champion Author Orange County Posts:2,124 Points:679,195 Joined:Dec 2006	Message Posted: Jul 4, 2009 2:52:40 AM Ignore CISA Report Abuse The US dollar's decline will outweigh demand in the short run. Should hte US dollar continue to rise, as it has in the last couple weeks, then oil will drop, as will gas prices and the US stock markets.
Kamakani Champion Author Hawaii Posts:1,875 Points:578,885 Joined:Oct 2008	Message Posted: Jul 4, 2009 2:50:54 AM Ignore Kamakani Report Abuse yep same old crap
wild3bill All-Star Author New York Posts:900 Points:1,041,900 Joined:Nov 2005	Message Posted: Jul 4, 2009 2:49:14 AM Ignore wild3bill Report Abuse I believe everyone filled up because a price Gouge for the Fourth of July was expected/News is less driving due to bad economy
PenDoctrJD Champion Author Orange County Posts:6,758 Points:2,027,085 Joined:Aug 2001	Message Posted: Jul 4, 2009 2:27:09 AM Ignore PenDoctrJD Report Abuse Nonetheless, the price is decling for crude. But, it is a roller coaster anyway.
SurreySidekick Veteran Author Vancouver Posts:282 Points:138,765 Joined:Jun 2009	Message Posted: Jul 4, 2009 2:25:44 AM Ignore SurreySidekick Report Abuse Everyone have to live on credit.... pump 1st and pay later.
WheresMyTruck Champion Author Tacoma Posts:4,033 Points:514,975 Joined:Mar 2009	Message Posted: Jul 4, 2009 2:20:48 AM Ignore WheresMyTruck Report Abuse After a short while all of these articles just say the same thing, "blah, blah, blah."
findcheap Champion Author Los Angeles Posts:4,678 Points:1,036,615 Joined:Apr 2007	Message Posted: Jul 4, 2009 2:20:09 AM Ignore findcheap Report Abuse so much for "predictions" and data
Tarzan05 Rookie Author Los Angeles Posts:24 Points:21,340 Joined:Jul 2009	Message Posted: Jul 4, 2009 2:15:21 AM Ignore Tarzan05 Report Abuse I agree.
NavyStore Champion Author Seattle Posts:2,697 Points:1,189,120 Joined:Aug 2005	Message Posted: Jul 4, 2009 2:15:06 AM Ignore NavyStore Report Abuse Because things are getting better but not good enough for everyone to fly. So, they are driving instead.
LuvEd08 All-Star Author Georgia Posts:784 Points:171,225 Joined:Apr 2008	Message Posted: Jul 4, 2009 2:15:05 AM Ignore LuvEd08 Report Abuse All demand is down.. except for jobs..
spike1zz Champion Author Indiana Posts:5,220 Points:649,520 Joined:Oct 2008	Message Posted: Jul 4, 2009 2:11:31 AM Ignore spike1zz Report Abuse That will make prices go up
dano50 Champion Author Riverside Posts:3,329 Points:689,080 Joined:Jul 2008	Message Posted: Jul 4, 2009 2:11:11 AM Ignore dano50 Report Abuse I don't believe this is true. I believe someone wants us to believe it though.
cheapertvs Champion Author Richmond Posts:5,205 Points:1,769,195 Joined:Jan 2004	Message Posted: Jul 4, 2009 2:05:54 AM Ignore cheapertvs Report Abuse And the price at the pump continues to rise.
ChannelIslands Champion Author Ventura Posts:4,728 Points:629,410 Joined:Dec 2008	Message Posted: Jul 4, 2009 2:05:53 AM Ignore ChannelIslands Report Abuse $3.00 per gallon isn't cheap IMO.
Night Owl Champion Author Toronto Posts:2,745 Points:837,990 Joined:Jul 2004	Message Posted: Jul 4, 2009 2:03:38 AM Ignore Night Owl Report Abuse I don't believe it. This is contradicted by every other story here at GasBuddy. Did MasterCard exclude non-gas purchases such as cigarettes, beer, alcohol, food, and water? There is no mention of this in the referenced article.
furiousfowl Champion Author Riverside Posts:11,980 Points:1,828,570 Joined:May 2005	Message Posted: Jul 4, 2009 1:51:08 AM Ignore furiousfowl Report Abuse whatever, one week its dowm then up and down again. whats the real deal?
ILVET Champion Author Illinois Posts:9,915 Points:1,965,820 Joined:Jan 2005	Message Posted: Jul 4, 2009 1:43:56 AM Ignore ILVET Report Abuse Something will happen to raise the prices. Wait and watch!
spiderjay Champion Author Little Rock Posts:2,250 Points:582,555 Joined:Oct 2005	Message Posted: Jul 4, 2009 1:41:59 AM Ignore spiderjay Report Abuse IT IS SUMMER AND GAS IS DOWN OVER A $1 FROM LAST JULY