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GasBuddy News Article

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gas pump purchases down 46th straight week

chicago tribune -- 2:57 p.m. CST, February 7, 2012
U.S. gasoline demand last week fell by more than 5 percent for the third straight week compared with year-ago levels, according to weekly data from MasterCard SpendingPulse.

Retail gasoline demand fell 5.3 percent from a year ago and 2.8 percent from the previous week, the report said. High prices and concerns about the economy have weighed on demand, according to analysts. The report showed the four-week average U.S. demand fell for the 46th straight time last week, down 4.9 percent compared with a year ago. Pump prices rose by 8 cents on average to $3.47 per gallon, 11.9 percent higher than the same week last year.

Overall gasoline demand dipped to 8.27 million barrels per day (bpd) last week, the lowest level in a month. The Central Atlantic and

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Submitted Feb 07, 2012 By: SSchmidty

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brbaritone Champion Author Virginia Posts:1,246 Points:1,367,875 Joined:Jan 2007	Message Posted: Feb 8, 2012 7:03:28 AM Ignore brbaritone Report Abuse When demand is low and supply is high, prices are supposed to go DOWN.
NGC4565 Champion Author Reading Posts:1,944 Points:390,115 Joined:Mar 2011	Message Posted: Feb 8, 2012 5:53:09 AM Ignore NGC4565 Report Abuse This would be good news if it were attributable to conservation via more efficient vehicles. Unfortunately it has more to do with the state of our economy and the large number of people who have no job to commute to on a daily basis. Was this the kind of "hope and change" that some of you voted for?
jwalkerh Champion Author Louisiana Posts:4,820 Points:1,099,955 Joined:Oct 2008	Message Posted: Feb 8, 2012 2:07:46 AM Ignore jwalkerh Report Abuse Not anymore...
wild3bill Champion Author New York Posts:2,191 Points:1,503,250 Joined:Nov 2005	Message Posted: Feb 8, 2012 1:30:08 AM Ignore wild3bill Report Abuse 100 years later the US needs to break up the Oil Monopoly again. We should lookj to punish those who allowed Exxohn and Mobil to reuitte again and said this union would not harm oil consumers!
chuckwthompson Champion Author Charlotte Posts:1,890 Points:217,535 Joined:Sep 2011	Message Posted: Feb 8, 2012 1:28:13 AM Ignore chuckwthompson Report Abuse 46 weeks of declining gas demand yet the price of gas continues to rise? Can you say Speculators? I know you can...
wild3bill Champion Author New York Posts:2,191 Points:1,503,250 Joined:Nov 2005	Message Posted: Feb 8, 2012 1:26:40 AM Ignore wild3bill Report Abuse Proof the Big Oil Monopoly muwst be manipulating the market: Demand SOWN supply UP .It must be Monopoly Manipulation forceing price up in these circumstyances!
investmentdr Champion Author Cleveland Posts:2,365 Points:1,103,935 Joined:Sep 2008	Message Posted: Feb 8, 2012 12:07:02 AM Ignore investmentdr Report Abuse better
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Feb 7, 2012 11:35:29 PM Ignore livable1 Report Abuse Hummmmm
dh0770 Champion Author Colorado Posts:1,688 Points:324,310 Joined:Jun 2011	Message Posted: Feb 7, 2012 10:01:42 PM Ignore dh0770 Report Abuse Speculators won't let accurate facts get in the way of their lies!
Wanda127 Champion Author Florida Posts:1,501 Points:573,680 Joined:May 2010	Message Posted: Feb 7, 2012 10:00:37 PM Ignore Wanda127 Report Abuse I agree djvanbeek45
amerk73 Champion Author Dallas Posts:5,235 Points:1,260,980 Joined:Oct 2008	Message Posted: Feb 7, 2012 9:59:36 PM Ignore amerk73 Report Abuse here plano $3.32
djvanbeek45 Sophomore Author Twin Cities Posts:102 Points:312,070 Joined:Sep 2010	Message Posted: Feb 7, 2012 9:39:03 PM Ignore djvanbeek45 Report Abuse what a joke, less demand and yet the price rises!! scam!!
joekayak All-Star Author Massachusetts Posts:756 Points:409,390 Joined:May 2010	Message Posted: Feb 7, 2012 9:37:30 PM Ignore joekayak Report Abuse Forty six straight weeks of lower gas pump purchases and the price of gas continues to rise.
BuckyTJones Champion Author Salt Lake City Posts:3,135 Points:690,185 Joined:Mar 2010	Message Posted: Feb 7, 2012 9:31:30 PM Ignore BuckyTJones Report Abuse When the economy has been stagnate for three years, what do you expect. Quote of the Day: You can't get rich in politics unless you're a crook. - Harry S Truman
Lugi1967 Champion Author Ohio Posts:3,132 Points:651,095 Joined:Jun 2010	Message Posted: Feb 7, 2012 9:29:11 PM Ignore Lugi1967 Report Abuse No surprise
Meowmy All-Star Author Florida Posts:993 Points:278,110 Joined:Jan 2011	Message Posted: Feb 7, 2012 9:28:10 PM Ignore Meowmy Report Abuse Gee, I wonder why......
doeslayersr Champion Author Illinois Posts:5,831 Points:512,150 Joined:Dec 2010	Message Posted: Feb 7, 2012 9:12:34 PM Ignore doeslayersr Report Abuse Price of fuel will continue to increase as the value of the dollar continues to decrease. Novemer 2012 is one day closer.
DerHahn Champion Author Illinois Posts:11,762 Points:1,760,635 Joined:May 2004	Message Posted: Feb 7, 2012 9:12:30 PM Ignore DerHahn Report Abuse as the prices increase, consumption will decrease as it has been for the last few years.
rbrk02 Champion Author Rhode Island Posts:3,039 Points:457,130 Joined:Jan 2011	Message Posted: Feb 7, 2012 8:37:38 PM Ignore rbrk02 Report Abuse No real surprise.
Chem60 Champion Author Tallahassee Posts:1,908 Points:454,475 Joined:Oct 2010	Message Posted: Feb 7, 2012 8:23:14 PM Ignore Chem60 Report Abuse But prices are increasing. Isn't price supposed to reflect demand? Oh, yeah, we have to include the Chinese purchases that have increased dramatically. Darn!
amoshins All-Star Author Trenton Posts:962 Points:312,855 Joined:Apr 2011	Message Posted: Feb 7, 2012 7:51:05 PM Ignore amoshins Report Abuse keep demand down!
bullman68 All-Star Author St. Louis Posts:596 Points:298,800 Joined:May 2011	Message Posted: Feb 7, 2012 7:36:58 PM Ignore bullman68 Report Abuse Producing less while making more is the new business model.
doggod Champion Author Anchorage Posts:1,082 Points:391,235 Joined:May 2009	Message Posted: Feb 7, 2012 5:32:20 PM Ignore doggod Report Abuse This is why the predictions of higher gas prices bouncing around the media echo chamber yesterday were/are premature. If the prices go sky high and people cut back on buying fuel, that will put a lid on prices.
must87searcher Champion Author Maryland Posts:7,179 Points:1,421,625 Joined:Apr 2008	Message Posted: Feb 7, 2012 5:23:58 PM Ignore must87searcher Report Abuse One reason the sales of gas is going down is because the economy is down. That means fall in sales and employment. If a driver does not have enough to pay for as much gas as they did in the last years, the sure would not be in the buy for more. The higher the price, the greater the chance for more falls of purchases!!