Holiday Gas Demand Lower than 2011
U.S. retail gasoline demand fell sharply from year-ago levels with fewer drivers on the roads in the week before the Christmas holiday, MasterCard said in its weekly SpendingPulse report on Wednesday.
Gasoline demand in the week to Dec. 21 fell 5.4 percent from year-ago levels, the data showed. The four-week moving average for demand also fell last week, down 3.3 from year-ago levels.
Weekly demand, however, was 4.5 percent higher than the week to Dec 14.
Source: Reuters. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.
-
OTOH, gun demand is way up...