UPDATE 1-US weekly gasoline demand down 2.7 pct-MasterCard

NEW YORK, April 27 (Reuters) - U.S. retail gasoline demand dropped 2.7 percent in the week to April 23 from the previous week, according to a MasterCard SpendingPulse report released on Tuesday.
Gasoline demand averaged 9.213 million barrels per day last week, the weekly survey showed.
Year-on-year, U.S. gasoline demand fell 1.9 percent, the SpendingPulse report said. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
To view a graphic showing the 4-week average for U.S. gasoline demand versus year ago levels, click:
link.reuters.com/nyn69j ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
Over the last four weeks, consumption of the motor fuel in the world's top oil consumer increased by an average 0.4 percent on a year-over-year basis.
The national average retail price for gasoline was unchanged at $2.85 per gallon, but was up 38.3 percent from year-ago levels.
The average price during the weeks toApril 16 and April 23 are the highest average gasoline prices since October 2008, MasterCard said.
MasterCard Advisors estimate retail gasoline demand based on aggregate sales activity in the MasterCard payments system, along with estimates for all other payment forms, including cash and checks.
MasterCard Advisors is a unit of MasterCard Inc (MA.N). (Reporting by Rebekah Kebede; Editing by Carole Vaporean)

Source:http://www.reuters.com/article/idUSN2711343120100427

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