magnumCA
Champion Author
Los Angeles
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Message Posted:
6/26/2008 9:34:27 PM
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are you shocked
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TwoWheelRider
Rookie Author
Montgomery
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Message Posted:
6/26/2008 1:45:42 PM
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CosmicP "MC's report is based only on their transactions and is not scientific or meaningful."
Exactly!!!
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POLELANE
Champion Author
Ohio
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Message Posted:
6/26/2008 1:14:11 PM
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""touch"" records ? what plant are you reporting from ?
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MetroSexual
Champion Author
New Hampshire
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Message Posted:
6/26/2008 12:21:05 PM
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Okay -- MasterCard isn't accepted at ARCO, one of the largest distributors of gasoline in the west. In California, where one out of eight people now lives, ARCO stations are plentiful. So, the numbers are probably really skewed since ARCO prices are usually among the lowest, and consumers are scrambling to get the best deal.
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tomok
Champion Author
Portland
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Message Posted:
6/26/2008 12:11:00 PM
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gasoline demand falls but the price goes up....
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glazarides
Veteran Author
Akron
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Message Posted:
6/26/2008 11:49:14 AM
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No surprise to me.
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ramshot412
Champion Author
Riverside
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Message Posted:
6/26/2008 11:00:30 AM
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"The sky is falling!"
That's okay. I got my pith helmet on.
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Mr.Dirt
Champion Author
Albany
Posts:1,755
Points:1,224,530
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Message Posted:
6/26/2008 10:50:35 AM
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and the price still goes up
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tags610
Champion Author
Lincoln
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Message Posted:
6/26/2008 10:41:45 AM
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The sky is falling!
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kingdick
Champion Author
Minnesota
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Message Posted:
6/26/2008 10:39:49 AM
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-----------------------------------
Who would believe a conniving gouging mastercard
-----------------------------------
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Terryforegolf
All-Star Author
Lansing
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Message Posted:
6/26/2008 10:33:51 AM
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Took a long weekend and camped. Camp ground was 2/3 full at best. Last year it was packed. Gas is definately hurting the tourism business.
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Grampoo46
Rookie Author
Syracuse
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Message Posted:
6/26/2008 10:33:51 AM
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This is a surprise? Good news reporting.... Next they'll make a big deal of Truck & SUV sales dropping and small car sales rising. DUH!
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hangupanddrive
All-Star Author
Michigan
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Message Posted:
6/26/2008 10:32:13 AM
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Conservation never was a bad thing. High inflated pricing is still another.
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CosmicP
Champion Author
Dallas
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Message Posted:
6/26/2008 10:28:10 AM
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MC's report is based only on their transactions and is not scientific or meaningful.
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esquared
Champion Author
Oklahoma City
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Message Posted:
6/26/2008 10:27:54 AM
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I'll continue to use my Discover card, thank you.
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roydarecker
Champion Author
Minnesota
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Message Posted:
6/26/2008 10:25:56 AM
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glad to hear it.
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ardmoretoday
All-Star Author
Oklahoma
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Message Posted:
6/26/2008 10:25:33 AM
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So if it fell 2.7% then gas should go down at least 11 cents / gallon.
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woos777
Champion Author
Washington
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Message Posted:
6/26/2008 10:23:24 AM
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Yes, but stealing gas is up.
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acknot
All-Star Author
Seattle
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Message Posted:
6/26/2008 10:21:08 AM
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We can't afford to drive.
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radicale
All-Star Author
Calgary
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Message Posted:
6/26/2008 10:20:33 AM
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Use is down and there is still a shortage?
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REVLAW
Champion Author
San Antonio
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Message Posted:
6/26/2008 10:18:12 AM
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Yesterday's news. Perhaps later.
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mistymiss
Champion Author
Fresno
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Message Posted:
6/26/2008 10:15:38 AM
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It's dropped more at my house then 2.7 %, much more! So has everything thing else! Greedy gas companies!
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rbdesigns
Veteran Author
Modesto
Posts:434
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Message Posted:
6/26/2008 10:15:36 AM
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It's pretty bad when you have to run your credit card through twice to fill up!
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domer2
All-Star Author
Gary
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Message Posted:
6/26/2008 10:13:17 AM
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need a mortgage instead of plastic to fill up
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Rageagainsttm
Champion Author
Tampa
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Message Posted:
6/26/2008 10:12:10 AM
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dah of course its dropping people are trying to drive less
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bow22ler
Champion Author
Houston
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Message Posted:
6/26/2008 10:11:40 AM
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drill here now
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nyacoub1
All-Star Author
Chicago
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Message Posted:
6/26/2008 10:11:17 AM
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why should we listen to mastercard?
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switz1873
Sophomore Author
Ohio
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Message Posted:
6/26/2008 10:10:16 AM
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Good.
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pug07rb
Rookie Author
Alabama
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Message Posted:
6/26/2008 10:09:51 AM
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Why would we listen to a credit card company??
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Chazzer
Champion Author
Nevada
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Message Posted:
6/26/2008 10:09:33 AM
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Not for long ... however!
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rbdesigns
Veteran Author
Modesto
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Message Posted:
6/26/2008 10:08:44 AM
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I guess they knew what they were doing a while back when they put a bank machine at the gas pumps. now we really need it to fill up because I don't like to carry that much cash!
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RochBear
Champion Author
Minnesota
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Message Posted:
6/26/2008 10:08:14 AM
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Less people are using Master card for gas purchase. Now actual demand has dropped too. This is good. There must be a silver lining to this storm cloud.
It will take many years for the current fleet of cars to die, and be replaced with higher efficient cars. But as people drive less, drive less agressively, and slowly replace the gas hogs with gas sippers, actual demand will drop.
However, the world demand is flat to still increasing. And oil is a global commodity. Therefore, don't expect the price at the pump to drop.
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r651981
Veteran Author
Columbus
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Message Posted:
6/26/2008 10:07:30 AM
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Even with reduced U. S. demand, third world economies are starving for fuel. Only when we are Energy Independent will the U. S. avoid this critical National Security threat.
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laddyboy62
Champion Author
Riverside
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Message Posted:
6/26/2008 10:05:50 AM
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someone noticing this?..big oil?..goverment?
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bargainhunterTX
Champion Author
Austin
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Message Posted:
6/26/2008 10:04:33 AM
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I don't use MC at the pump... Of course, I'm also not driving as much as before either...
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kidmikey37
All-Star Author
Texas
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Message Posted:
6/26/2008 10:02:56 AM
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just bring cash and cut someone out of the greed
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eaglev
All-Star Author
Oklahoma City
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Message Posted:
6/26/2008 10:00:27 AM
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World demand is up so when we cut back the rest of th world buy it. we need to drill here, drill now and build now.
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PKVol
Champion Author
Nashville
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Message Posted:
6/26/2008 9:59:48 AM
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Does this reduction by MasterCard take into account the number of stations that have stopped taking credit cards because of the unreasonably high fees the card companies charge the station owners for processing those payments? If I was a merchant and I was giving up $0.08 - $0.12 per gallon I sold to the credit card companies, I'd stop accepting them too.
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HawaiianGuy
Champion Author
Idaho
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Message Posted:
6/26/2008 9:57:09 AM
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From MasterCard, eh? I just read the other day where more and more stations are taking Cash Only because the credit card fees, in some cases, are costing them MORE than they're making in profits. That's downright wrong. Another example of unbridled greed.
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dieselfreak
All-Star Author
Toronto
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Message Posted:
6/26/2008 9:52:49 AM
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MasterCard cannot possibly measure this accurately. I have a Mastercard, but sometimes use another card, and sometimes use cash.
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Vin63
Sophomore Author
San Bernardino
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Message Posted:
6/26/2008 9:47:50 AM
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With all of the reports and statistics confirming that demand is down, it's interesting how prices keep increasing. Let me see if I got this right...
Demand is high, prices increase
Demand is low, prices increase
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copperhead8
Champion Author
Boston
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Message Posted:
6/26/2008 9:45:35 AM
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makes sense
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ashleybro
Veteran Author
Indiana
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Message Posted:
6/26/2008 9:44:42 AM
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what does mastercard have to do with gas? except that is the only way we can afford gas anymore. putting it on mastercard.
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KellysDad
Champion Author
Jackson
Posts:1,083
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Message Posted:
6/26/2008 9:43:33 AM
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The monthly MasterCard press release...
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brogan56
Champion Author
Colorado Springs
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Message Posted:
6/26/2008 9:43:05 AM
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Demand falls 2.7%, prices rise 5%, where is the disconnect here...
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rod1965
All-Star Author
Portland
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Message Posted:
6/26/2008 9:41:12 AM
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people are paying with cash more than their credit cards because it costs less.
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scrounger
Champion Author
Vancouver
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Message Posted:
6/26/2008 9:40:37 AM
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and of course.......mastercard is an infallible source
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jrnascar
Veteran Author
Dayton
Posts:274
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Message Posted:
6/26/2008 9:40:15 AM
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Of course demand is dropping. Who can afford these prices?
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jetsfan6
Champion Author
New Jersey
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Message Posted:
6/26/2008 9:36:54 AM
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comment, murmur, comment, murmur.....
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Sealer
Champion Author
Charleston
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Message Posted:
6/26/2008 9:34:57 AM
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Of course people use less of any product when the price goes up.
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