GasBuddy News Article

votes

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.

Read the Full Article

Submitted Jul 03, 2009 By: GM

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics Post New Topic

Author	Topic: Gasoline Demand Is At An 18 Month High	Topic is locked Back to Topics

REPLIES (newest first)

First

Next Last

BillA Champion Author Portland Posts:11,147 Points:1,531,650 Joined:Aug 2005	Message Posted: Jul 5, 2009 11:17:06 PM Ignore BillA Report Abuse Gas demand in the Northwest U.S. is the lowest its been since the late 1960s! The point of reference is a Mastercard statement that more people are CHARGING for gas... Truth is, demand is down. Less people have CASH at the gas station. [Edited by: BillA at 7/5/2009 11:18:30 PM EST]
honda0105 Champion Author Tallahassee Posts:10,716 Points:627,400 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:20:38 PM Ignore honda0105 Report Abuse Gee_NY: depends which camp you belong to.
honda0105 Champion Author Tallahassee Posts:10,716 Points:627,400 Joined:Nov 2008	Message Posted: Jul 4, 2009 9:59:55 AM Ignore honda0105 Report Abuse I guess if you look long and hard enough, you can make a case for either direction. Telling lies with statistics.. a fun thing to do
honda0105 Champion Author Tallahassee Posts:10,716 Points:627,400 Joined:Nov 2008	Message Posted: Jul 4, 2009 9:59:17 AM Ignore honda0105 Report Abuse funny, business insider says "demand at a high" and other articles posted on this forum say "demand hits low points". Hmmm....
honda0105 Champion Author Tallahassee Posts:10,716 Points:627,400 Joined:Nov 2008	Message Posted: Jul 4, 2009 9:57:14 AM Ignore honda0105 Report Abuse probably just a temporary fluke.
DABEE1073 Champion Author San Diego Posts:2,968 Points:594,510 Joined:Jun 2008	Message Posted: Jul 4, 2009 9:50:11 AM Ignore DABEE1073 Report Abuse ITS OBAMA'S FAULT.
must87searcher Champion Author Maryland Posts:4,140 Points:807,710 Joined:Apr 2008	Message Posted: Jul 4, 2009 9:43:35 AM Ignore must87searcher Report Abuse The price of gas maybe down, but the number of unemployed are still going up. That ccold produce a worry for some, as well as having more people go out to look for new employers. The price maybe down now, but it won't stay down for too long.
VDubBill All-Star Author Jacksonville Posts:999 Points:484,575 Joined:May 2008	Message Posted: Jul 4, 2009 9:27:31 AM Ignore VDubBill Report Abuse Drive now, pay later. Where's my card?
psuray All-Star Author Hartford Posts:919 Points:223,650 Joined:Feb 2009	Message Posted: Jul 4, 2009 9:19:02 AM Ignore psuray Report Abuse And we are to believe a banking institution!
techque Champion Author St. Louis Posts:3,867 Points:1,521,315 Joined:Apr 2005	Message Posted: Jul 4, 2009 9:16:03 AM Ignore techque Report Abuse this from an industry wipe . . .
jd2009 Champion Author Honolulu Posts:1,783 Points:556,650 Joined:Jan 2009	Message Posted: Jul 4, 2009 9:06:40 AM Ignore jd2009 Report Abuse With the economy down ... more people are using their credit cards, instead of cash ... gas prices are still rising over here
Gordon56 Champion Author Michigan Posts:8,079 Points:1,242,805 Joined:Mar 2004	Message Posted: Jul 4, 2009 9:05:13 AM Ignore Gordon56 Report Abuse Probably all the people out looking for jobs, and charging the gas because they do not have cash left to pay for it.
jackson661 Champion Author Columbus Posts:1,732 Points:570,995 Joined:May 2006	Message Posted: Jul 4, 2009 9:04:26 AM Ignore jackson661 Report Abuse This is not a good thing because prices will rise with demand.
cincindie Champion Author Cincinnati Posts:9,784 Points:1,936,545 Joined:Mar 2004	Message Posted: Jul 4, 2009 9:03:30 AM Ignore cincindie Report Abuse Don't see it on the roads though.
cableman31 Champion Author New York Posts:4,022 Points:1,066,830 Joined:May 2004	Message Posted: Jul 4, 2009 9:03:13 AM Ignore cableman31 Report Abuse Good to see people getting out.
vabites Champion Author Florida Posts:3,186 Points:594,300 Joined:Dec 2007	Message Posted: Jul 4, 2009 9:02:15 AM Ignore vabites Report Abuse that's funny the two stories above this one speak of oil demand at record lows...who picks this crap?
marinasgrandpa All-Star Author Atlanta Posts:791 Points:354,350 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:59:10 AM Ignore marinasgrandpa Report Abuse we are our own worst enemy-the more we use the higher the price
Yonkers111 Champion Author Scranton Posts:6,328 Points:536,820 Joined:Apr 2007	Message Posted: Jul 4, 2009 8:58:49 AM Ignore Yonkers111 Report Abuse Most people realize that fuels are currently cheap.
winggnutt Champion Author Detroit Posts:6,332 Points:1,426,900 Joined:Aug 2005	Message Posted: Jul 4, 2009 8:56:44 AM Ignore winggnutt Report Abuse what to believe?
lightbulbman2008 Champion Author Worcester Posts:43,245 Points:649,335 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:56:19 AM Ignore lightbulbman2008 Report Abuse does this apply to the law of supply vs demand?
PrepHermit Champion Author New Jersey Posts:3,255 Points:672,480 Joined:Aug 2008	Message Posted: Jul 4, 2009 8:55:30 AM Ignore PrepHermit Report Abuse Maybe MasterCard's sales are higher for gasoline because people are using their credit cards more to purchase things since they don't have the cash. Sounds like incomplete data to me.
DerHahn Champion Author Illinois Posts:8,094 Points:1,145,075 Joined:May 2004	Message Posted: Jul 4, 2009 8:53:40 AM Ignore DerHahn Report Abuse BS. inventories are highs never seen before.
bumpygas Champion Author Nebraska Posts:3,494 Points:956,475 Joined:Oct 2007	Message Posted: Jul 4, 2009 8:52:06 AM Ignore bumpygas Report Abuse Who is paying the news media to write this stuff?
cudatim Champion Author San Antonio Posts:1,801 Points:783,055 Joined:Jan 2007	Message Posted: Jul 4, 2009 8:51:39 AM Ignore cudatim Report Abuse With all the contradiction about gas supplies vs demand it seems stories are made up just to suit the current feeling of the news media.
TECH500 Champion Author Alberta Posts:3,141 Points:654,655 Joined:Apr 2008	Message Posted: Jul 4, 2009 8:49:40 AM Ignore TECH500 Report Abuse Hold on tight, because pump prices are about to sky rocket soon.
mike2scooter Champion Author Detroit Posts:6,955 Points:1,354,385 Joined:Aug 2005	Message Posted: Jul 4, 2009 8:47:10 AM Ignore mike2scooter Report Abuse The news media speaks with a forked tongue(but that's nothing new) I just heard a report that people are traveling much less this year than last, even with the lower gas prices this year. It would seem the recession is keeping people home,whom might otherwise travel this holiday week-end. The report said that was the reason prices are at least staying steady or even dropping a little, because demand is down. What report does one believe?
hoof11 All-Star Author Pennsylvania Posts:669 Points:44,995 Joined:May 2009	Message Posted: Jul 4, 2009 8:45:55 AM Ignore hoof11 Report Abuse Don't YouThink That Cheaper Gas From Last Summer Would Have At Least 1.6 Percent More Drivers Who Pays For These Stupid Reports
jb107 Champion Author New Jersey Posts:4,679 Points:1,643,015 Joined:Sep 2005	Message Posted: Jul 4, 2009 8:45:14 AM Ignore jb107 Report Abuse It's vacation time and prices are down from last year.
Tundralimited2009 Champion Author Dallas Posts:2,557 Points:514,500 Joined:Feb 2009	Message Posted: Jul 4, 2009 8:44:55 AM Ignore Tundralimited2009 Report Abuse We Love our Trucks!
KillChain Champion Author Albuquerque Posts:2,239 Points:599,575 Joined:Jun 2006	Message Posted: Jul 4, 2009 8:42:39 AM Ignore KillChain Report Abuse Yes, a credit card company sets the demand....HA!
jony Champion Author Florida Posts:2,933 Points:822,675 Joined:May 2006	Message Posted: Jul 4, 2009 8:41:48 AM Ignore jony Report Abuse That's so true "Loveee"
OleMiss79 Champion Author Fort Worth Posts:6,639 Points:722,340 Joined:May 2008	Message Posted: Jul 4, 2009 8:40:57 AM Ignore OleMiss79 Report Abuse We must keep conserving -- reduce driving, stay home instead of taking a vacation (if you can afford one) and combine trips. No joy riding at all.
Lovelee Champion Author Detroit Posts:14,375 Points:1,071,800 Joined:Mar 2007	Message Posted: Jul 4, 2009 8:39:23 AM Ignore Lovelee Report Abuse What? Has the press been lying to us? Of course not, they just didn't tell us everything.
Gas Slave Champion Author Lansing Posts:3,279 Points:772,070 Joined:Jul 2004	Message Posted: Jul 4, 2009 8:36:44 AM Ignore Gas Slave Report Abuse It doesn't feel better now.
fordfan1 Champion Author Indiana Posts:4,169 Points:911,190 Joined:Jul 2007	Message Posted: Jul 4, 2009 8:36:26 AM Ignore fordfan1 Report Abuse Look out for a big jump in the prices at the pump!
madison8359 Champion Author Cleveland Posts:2,862 Points:619,360 Joined:Apr 2008	Message Posted: Jul 4, 2009 8:28:45 AM Ignore madison8359 Report Abuse Yes but 18 months ago we were in the depths of a serious oil speculation that had gas at all time highs, in the middle of an economic depression and W was still lost. Now things are just a little bit better.
turbosaab Champion Author Cleveland Posts:9,073 Points:1,432,715 Joined:Sep 2006	Message Posted: Jul 4, 2009 8:28:37 AM Ignore turbosaab Report Abuse Why is this surprising? Gas is relatively cheap and this is the time of year that many of us take to the roads. They are reporting an increase of only 1.6% over last year when prices were much higher.
Gonner4332 Rookie Author Minnesota Posts:45 Points:210,175 Joined:Jan 2006	Message Posted: Jul 4, 2009 8:26:54 AM Ignore Gonner4332 Report Abuse Sounds to me like they are trying to justify the price of gas? I don't know anyone who is driving as much as they use to
rgjoslin Champion Author Colorado Springs Posts:3,480 Points:658,355 Joined:Sep 2008	Message Posted: Jul 4, 2009 8:23:37 AM Ignore rgjoslin Report Abuse So prices will go up... Right?
nb52 Champion Author Grand Rapids Posts:2,857 Points:576,015 Joined:Nov 2008	Message Posted: Jul 4, 2009 8:23:10 AM Ignore nb52 Report Abuse Ask the unemployed how much gas they are purchasing.
fltdoc Champion Author Oklahoma Posts:3,455 Points:600,940 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:22:59 AM Ignore fltdoc Report Abuse "with the price of gas low". Who really feels that the price is low? This author must not have been around in the 60s or 70s.
LanguageMan1 Champion Author Tampa Posts:5,947 Points:688,395 Joined:Apr 2008	Message Posted: Jul 4, 2009 8:22:32 AM Ignore LanguageMan1 Report Abuse Hard to believe it's back up there that high considering I see less cars on the road these days around here. Fewer people driving because of no job, not enough money, etc. Makes me wonder if they're just faking the numbers now. You're right on the money Jeepp! Granma3xnow, they can get the mileage of your vehicle up more too! Others are doing it. Glad they fixed it for you. [Edited by: LanguageMan1 at 7/4/2009 8:24:16 AM EST]
Jeepp Champion Author Boston Posts:1,543 Points:425,240 Joined:Nov 2008	Message Posted: Jul 4, 2009 8:22:21 AM Ignore Jeepp Report Abuse We need to keep conserving. Many people have no choice, no job, no money.
granma3xnow Champion Author Indiana Posts:1,998 Points:410,675 Joined:Dec 2008	Message Posted: Jul 4, 2009 8:21:04 AM Ignore granma3xnow Report Abuse A relative fixed the fuel problem on my car and now I get about 27-29 mpg. I am NOT buying more gas this year, I am buying LESS. (but now my car won't qualify for $$ for clunkers)
Skipper52 Champion Author Massachusetts Posts:2,531 Points:628,950 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:21:03 AM Ignore Skipper52 Report Abuse It's not that we are buying more gas. It's we are charging more gas because we can afford to pay for it. And that is very bad. What a poorly conceive article.
Badmoon Champion Author Massachusetts Posts:3,331 Points:673,015 Joined:Oct 2008	Message Posted: Jul 4, 2009 8:20:50 AM Ignore Badmoon Report Abuse I don't believe it.
MightyDude Champion Author Minnesota Posts:5,325 Points:1,670,345 Joined:Mar 2003	Message Posted: Jul 4, 2009 8:20:37 AM Ignore MightyDude Report Abuse here we go again
BartBuzz Champion Author Atlanta Posts:3,913 Points:805,035 Joined:Aug 2006	Message Posted: Jul 4, 2009 8:20:03 AM Ignore BartBuzz Report Abuse This article proves that you can get any result you want by playing with the numbers. The law of supply and demand seems to be broken. Keep conserving.
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!