U.S. gasoline demand continued to drop – of the city – Financial Highlights – Sina Sina
Posted on May-31-2008· by china investor
MasterCard Advisors has released the report, U.S. retail gasoline demand last week for the fifth week of decline from a year earlier, despite the Memorial Day holiday since last week, demand has increased over the previous week. The report showed that, during the year to date, the U.S. consumer demand for gasoline over the same period dropped 1.7 percent.
The agency, vice president of research and analysis Mainamala said that the U.S. Memorial Day marks the beginning of the summer driving season, gasoline demand rose in the previous week, for such holiday weekend is normal. Nevertheless, demand is still lower than the same period last year, mainly because the spring has not yet appeared the seasonal gasoline demand growth.
May 23 ended the week U.S. gasoline consumption to 9.385 million daily barrels, representing a 2.7 percent increase the previous week, but gasoline demand was still 5.5 percent decline the previous year. Analysts point out that current gasoline prices at record highs, to encourage consumers to save fuel. (Huang Meeting)
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