Gasoline Demand Advanced Last Week, MasterCard Says in Report

U.S. gasoline demand rose 0.7 percent last week, according to data from MasterCard Inc. (MA)

Drivers bought 8.72 million barrels a day of gasoline in the week ended Sept. 28, up from 8.66 million the prior week, MasterCard’s SpendingPulse report showed. MasterCard releases weekly data every two weeks.

The average pump price fell 5 cents in the past week to $3.80 a gallon.

The report from Purchase, New York-based MasterCard is assembled by MasterCard Advisors, the company’s consulting arm. The information is based on credit-card swipes and cash and check payments at about 140,000 U.S. gasoline stations.

To contact the reporter on this story: Richard Stubbe in Houston at rstubbe1@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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