NEW YORK, April 20 (Reuters) - U.S. retail gasoline demand rose 1.8 percent in the week to April 16, according to a MasterCard SpendingPulse report released on Tuesday.
Gasoline demand averaged 9.465 million barrels per day last week, the weekly survey showed.
Demand increased from the previous week for across all regions, with the Midwest, where demand was up 4.4 percent, the largest week-to-week increase amid fairly sunny and mild weather across the region, according to the report.
Year-on-year, gasoline demand rose 1.1 percent, SpendingPulse showed.
Consumption of the motor fuel in the world's top oil consumer over the last four weeks averaged 1.0 percent higher year-over-year.
The national average retail prices for gasoline rose 1 cent over the week to $2.85 per gallon, but was up 39.7 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 che:cks. MasterCard Advisors is a unit of MasterCard Inc (MA.N). (Reporting by Rebekah Kebede)
Source : http://www.reuters.com/article/idUSNLLKFE60O20100420?type=marketsNews
Gasoline demand averaged 9.465 million barrels per day last week, the weekly survey showed.
Demand increased from the previous week for across all regions, with the Midwest, where demand was up 4.4 percent, the largest week-to-week increase amid fairly sunny and mild weather across the region, according to the report.
Year-on-year, gasoline demand rose 1.1 percent, SpendingPulse showed.
Consumption of the motor fuel in the world's top oil consumer over the last four weeks averaged 1.0 percent higher year-over-year.
The national average retail prices for gasoline rose 1 cent over the week to $2.85 per gallon, but was up 39.7 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 che:cks. MasterCard Advisors is a unit of MasterCard Inc (MA.N). (Reporting by Rebekah Kebede)
Source : http://www.reuters.com/article/idUSNLLKFE60O20100420?type=marketsNews
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