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GasBuddy News Article

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US Gasoline Use -2.8% In Week To 8.269 Million B/D

Mastercard -- Four-week demand fell 4.9%, or 430,000 barrels a day, from a year earlier to an average of 8.4 million barrels a day. The drop was the biggest year-on-year decline in four-week demand on a percentage basis since Nov. 7, 2008. Four-week gasoline demand hasn't topped the year-ago level since March 18, 2011.

Gasoline prices rose 8 cents in the week to $3.47 a gallon, the highest price since Oct. 21, 2011. The price is up 11.9% from a year ago.

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Submitted Feb 08, 2012 By: ritefielder

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REPLIES (newest first)

remay Champion Author Houston Posts:5,227 Points:1,761,920 Joined:May 2006	Message Posted: Feb 9, 2012 7:42:58 AM Ignore remay Report Abuse Makes some amount of sense... higher prices, less use, but still more hurt and pain.
bullman68 All-Star Author St. Louis Posts:596 Points:298,500 Joined:May 2011	Message Posted: Feb 8, 2012 10:12:55 PM Ignore bullman68 Report Abuse News flash, the system is broken!
reidlej Veteran Author Columbus Posts:359 Points:283,520 Joined:Jul 2011	Message Posted: Feb 8, 2012 6:21:10 PM Ignore reidlej Report Abuse At these prices, usage should go down!
paguy2012 Sophomore Author Pennsylvania Posts:109 Points:21,885 Joined:Jan 2012	Message Posted: Feb 8, 2012 6:00:58 PM Ignore paguy2012 Report Abuse what happened to supply & demand?????? Works in everything else.
tnfran Champion Author Arizona Posts:2,566 Points:496,740 Joined:Dec 2010	Message Posted: Feb 8, 2012 3:17:58 PM Ignore tnfran Report Abuse Consumption DOWN, but prices UP!!! Big Oil Thieves, crooks and GREEDY [Edited by: tnfran at 2/8/2012 4:18:59 PM EST]
bl626 Veteran Author Toledo Posts:469 Points:148,320 Joined:Feb 2011	Message Posted: Feb 8, 2012 1:53:00 PM Ignore bl626 Report Abuse If that pressures a bit the prices at the pump to low, well then GREAT! no matter what we have to drive to work, shop and conduct business regardless of prices...
beachmanglen Sophomore Author Tampa Posts:156 Points:219,650 Joined:Aug 2011	Message Posted: Feb 8, 2012 1:46:47 PM Ignore beachmanglen Report Abuse Demand for gasoline is down, but the price hasn't dropped since production is also down for the same period. Two refineries in the Northeast U.S. have had approx 5-10 percent drops in production.
peakkeller All-Star Author Colorado Springs Posts:958 Points:529,360 Joined:Dec 2009	Message Posted: Feb 8, 2012 1:41:46 PM Ignore peakkeller Report Abuse Great post.
crestliner95 Veteran Author Illinois Posts:293 Points:111,905 Joined:May 2011	Message Posted: Feb 8, 2012 1:38:43 PM Ignore crestliner95 Report Abuse Use should continue to decrease but prices keep going up. Go figure
humblepie Champion Author Toledo Posts:17,382 Points:2,011,270 Joined:Mar 2006	Message Posted: Feb 8, 2012 1:07:18 PM Ignore humblepie Report Abuse and yet the rape and pillage continues..........
djwhit Champion Author Ohio Posts:1,332 Points:866,080 Joined:Jul 2009	Message Posted: Feb 8, 2012 1:01:18 PM Ignore djwhit Report Abuse AND MORE MONEY OUT OF EVERYONES LIVE.........
ritefielder Veteran Author Jackson Posts:256 Points:411,215 Joined:Apr 2008	Message Posted: Feb 8, 2012 12:48:25 PM Ignore ritefielder Report Abuse Gasoline usage down every week for almost a year. Prices at an all time high for this time of year. I want my money back on those college Econ classes.