NEW YORK, March 16 (Reuters) - U.S. retail gasoline demand fell 1 percent in the week to March 12, according to a MasterCard SpendingPulse report released on Tuesday.
Gasoline demand averaged 9.523 million barrels per day last week, down from 9.619 million the previous week, the weekly survey showed.
"The decline is not that large, but the largest declines can probably be attributed to weather-related events," said Michael McNamara, VP Research and Analysis for MasterCard Advisors SpendingPulse.
Year-on-year, gasoline demand rose by 1.7 percent for the week.
Consumption of the motor fuel in the world's top oil consumer over the last four-weeks averaged 2.3 percent higher year-over-year.
The national average retail price for gasoline rose 6 cents from the previous week to $2.76 per gallon. That price was up more than 43 percent from year-ago levels.
MasterCard Advisors estimates retail gasoline demand based on aggregate sales activity in the MasterCard payments system coupled with estimates for all other payment forms including cash and checks. MasterCard Advisors is a unit of MasterCard Inc (MA.N). (Reporting by Edward McAllister; Editing by David Gregorio)
Source: http://www.reuters.com/article/idUSN1610054820100316?type=marketsNews
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