US retail gasoline demand year-to-date down 1 pct-MasterCard

boulder_bum · 05-15-2008, 12:57 PM

It looks like high gas prices are cutting our fuel consumption!

Quote:

US retail gasoline demand year-to-date down 1 pct-MasterCard | Markets | Markets News | Reuters

NEW YORK, May 13 (Reuters) - U.S. retail gasoline demand year-to-date declined 1 percent from the same time last year as prices for the fuel continued to rise, MasterCard Advisors said Tuesday.

"We've never seen prices at this level. It really seems that it's had a material impact on consumers' driving patterns," said Michael McNamara, vice president of MasterCard Advisors.

This, IMO, is one of the big reasons a "gas tax holiday" is a horrible idea.

tripp · 05-15-2008, 01:42 PM

Indeed. They are trying to manipulate prices by not putting 70K bbl/day into the strategic reserve, but I can't see that helping much.

V8Cobrakid · 05-15-2008, 02:51 PM

IMO this is great news.

rsforkner · 05-15-2008, 06:13 PM

I wouldn't be at all surprised to see the refineries cut production to match the reduction in demand in order to keep prices high.

hampdenwireless · 05-15-2008, 08:11 PM

Quote:

Originally Posted by tripp

Indeed. They are trying to manipulate prices by not putting 70K bbl/day into the strategic reserve, but I can't see that helping much.

Its such a stupid move. They are going to have to fill it later with $140 oil.

1% is not a very big drop. I am glad to see it but we could save more then that by just properly inflating our tires.

I am still being passed by people at 80mph or higher on I95.

VaPrius · 05-15-2008, 08:48 PM

Quote:

Originally Posted by hampdenwireless

1% is not a very big drop. ...

I am still being passed by people at 80mph or higher on I95.

I agree. I still see a lot Big Obnoxious SUV and trucks with a single passenger, doing 80mph or even greater. There are very few people car pooling. The 7% for the past week is encouraging, but it needs to be for a longer period.

tripp · 05-16-2008, 01:26 PM

patience lads. These thing take time. Here in CO people have slowed down somewhat. Don't know about ridership on RTD or carpooling, but people are, in general, driving slower and less aggressively.

patsparks · 05-16-2008, 01:45 PM

People drive the mega trucks because it is their right and so it seems is 80mph, they won't give either up. They would rather not feed their children.

pyccku · 05-16-2008, 02:03 PM

It's so weird...some days I'll be in a pack of cars all going around the limit (40-45) and everyone just seems to be chilling out. But sometimes on that same road, I'll be passed by about 20 different SUVs and trucks, all going 10-20 over the limit. Same route, same time each day - some people have gotten the message, some obviously still haven't.

On the road we take to drop off our kids the limit is 25 (it's a residential area). We always keep it around 25, no faster than 30 ever. We saw -for the first time - a motorcycle cop sitting on the sidewalk with his radar gun. I told my husband "he's going to have easy pickings on this road!"

Sure enough, by the time we dropped off our kids and pulled back onto the road, he had pulled TWO big trucks over for speeding.

Earthling · 05-16-2008, 04:46 PM

Bush grovels in Saudi Arabia, begging for more oil. Price of oil spikes up. Anyone surprised?

Saudis rebuff Bush's request to pump more oil - CNN.com

Harry

05-15-2008, 01:42 PM	#2
tripp Which it's a 'ybrid, ain't it? Join Date: Oct 2005 Location: Denver, CO Posts: 3,147 My Car: 2005 Prius Package: #3 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 2	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard Indeed. They are trying to manipulate prices by not putting 70K bbl/day into the strategic reserve, but I can't see that helping much.

05-15-2008, 02:51 PM	#3
V8Cobrakid some guy... Join Date: Jun 2004 Location: San Jose, CA Posts: 2,356 My Car: 2004 Prius Package: #9 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 4	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard IMO this is great news.

05-15-2008, 06:13 PM	#4
rsforkner Senior Member Join Date: Apr 2008 Location: Boynton Beach, FL, USA Posts: 344 My Car: 2008 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 1	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard I wouldn't be at all surprised to see the refineries cut production to match the reduction in demand in order to keep prices high.

05-16-2008, 01:26 PM	#7
tripp Which it's a 'ybrid, ain't it? Join Date: Oct 2005 Location: Denver, CO Posts: 3,147 My Car: 2005 Prius Package: #3 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 2	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard patience lads. These thing take time. Here in CO people have slowed down somewhat. Don't know about ridership on RTD or carpooling, but people are, in general, driving slower and less aggressively.

05-16-2008, 01:45 PM	#8
patsparks Uneducated bird-brain Aussie Join Date: Jul 2007 Location: Adelaide South Australia Posts: 4,308 My Car: 2004 Prius Package: Base Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 10	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard People drive the mega trucks because it is their right and so it seems is 80mph, they won't give either up. They would rather not feed their children.

05-16-2008, 02:03 PM	#9
pyccku Happy Prius Driver Join Date: May 2007 Location: Surprise, AZ Posts: 214 My Car: 2007 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard It's so weird...some days I'll be in a pack of cars all going around the limit (40-45) and everyone just seems to be chilling out. But sometimes on that same road, I'll be passed by about 20 different SUVs and trucks, all going 10-20 over the limit. Same route, same time each day - some people have gotten the message, some obviously still haven't. On the road we take to drop off our kids the limit is 25 (it's a residential area). We always keep it around 25, no faster than 30 ever. We saw -for the first time - a motorcycle cop sitting on the sidewalk with his radar gun. I told my husband "he's going to have easy pickings on this road!" Sure enough, by the time we dropped off our kids and pulled back onto the road, he had pulled TWO big trucks over for speeding.

05-16-2008, 04:46 PM	#10
Earthling Senior Member Join Date: Dec 2006 Location: Somewhere, NY Posts: 436 My Car: 2007 Prius Package: #2 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Re: US retail gasoline demand year-to-date down 1 pct-MasterCard Bush grovels in Saudi Arabia, begging for more oil. Price of oil spikes up. Anyone surprised? Saudis rebuff Bush's request to pump more oil - CNN.com Harry

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