U.S. Gasoline Demand Lowest Since February, MasterCard Says
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U.S. gasoline consumption slipped 2.4 percent last week to the lowest level since February as a weak jobs market, a struggling economy and higher prices at the pump crimp demand, according to MasterCard Inc.
Motorists bought 8.53 million barrels a day in the week ended Sept. 9, down from 8.74 million the prior week, the second-biggest payments network company said in its SpendingPulse report. Demand last week was 3.5 percent below a year earlier.