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U.S. gasoline demand drops for 5th straight week

A BP station at the corner of LaSalle Blvd. and Clark Street in Chicago, March 7, 2011. (Heather Charles/Chicago Tribune)

U.S. retail gasoline demand fell last week in all regions of the country as prices rose, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand dropped 1.2 percent week-over-week, to 9.19 million barrels per day, MasterCard said. Demand dipped 3.6 percent from a year earlier,   the fifth consecutive weekly decline. Get the full story »

U.S. gasoline demand flat in latest week

U.S retail gasoline demand was flat last week but fell from year-earlier levels as higher prices pressured demand while an improved employment outlook provided support, MasterCard Advisors’ SpendingPulse report showed Tuesday. Get the full story »

Demand for gas drops on higher prices

U.S retail gasoline demand fell last week as prices rose  in all U.S. regions, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand fell 1.8 percent, to 8.953 million barrels-per-day, in the week to March 4. Get the full story »

Demand for gasoline rising with prices

U.S retail gasoline demand rose 3.1 percent in the latest week despite a sharp jump in pump prices as warmer weather boosted demand , MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand climbed 3.1 percent, to 9.118 million barrels per day, in the week to Feb. 25. Get the full story »

U.S. gas demand rises for 6th straight week

U.S. retail gasoline demand rose last week as much of the country thawed out from weeks of winter storms, MasterCard Advisors’ SpendingPulse report showed Wednesday.

Average gasoline demand climbed 4.5 percent, to 8.847 million barrels-per-day in the week ended Feb. 18. Get the full story »

MasterCard 4Q net jumps 41%

MasterCard Inc.’s fourth-quarter profit soared 41 percent as cardholders ratcheted up spending at a record pace and the company processed more payments, spurring growth in revenue. Get the full story »

American Express revenue up 13% in 4Q

American Express Co. said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees.

The credit card lender and payment network Monday reported $7.3 billion of quarterly revenue net of interest expense, up from $6.5 billion a year earlier. Get the full story »

Poll: Shoppers willing to continue holiday splurge

After some disciplined belt-tightening, shoppers who enjoyed a splurge over the holidays seem ready to buy more than just T-shirts and socks in 2011.

MasterCard Worldwide found that 61 percent of shoppers surveyed in mid-December said they don’t plan to cut back on spending in 2011, even after their holiday bills come due. Get the full story »

U.S. demand for gasoline holding steady

U.S. retail gasoline demand was little changed last week but fell compared with year-earlier levels because of  holiday and travel fluctuations, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand was down 0.2 percent, to 8.4 million barrels-per-day, in the week to Jan. 7. Demand was off 2.9 percent from a year earlier. Get the full story »

U.S. demand for gas falls with Northeast snows

U.S. retail gasoline demand fell 12.5 percent last week after a winter storm forced drivers off the roads, MasterCard Advisors’ SpendingPulse report showed Tuesday. Get the full story »

Survey shows spike in U.S. demand for gas

U.S. retail gasoline demand rose sharply last week, by 4.6 percent, buoyed by holiday travel, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand rose by 425,000 barrels-per-day,  to 9.613 million, in the week to Dec. 24. Get the full story »

Holiday retail sales up more than 5%, reports show

Shopping is back in style, at least for the holiday season.

Retail sales for the holidays soared more than 5 percent, according to two reports released Monday, led by online and clothing purchases. The preliminary reports, among the first tallies of the holiday shopping season, beat the estimates of most retail economists. Get the full story »

Demand for gasoline drops 2.7% as price rises

U.S. retail gasoline demand fell 2.7 percent last week as prices rose to their highest level this year, MasterCard Advisors’ SpendingPulse report showed Tuesday.

Average gasoline demand fell by 255,000 barrels per day,  to 9.182 million bpd, in the week to Dec. 10. Get the full story »

PayPal software to let users pay with their phones

EBay Inc.’s  online payments unit PayPal on Tuesday unveiled new software that will let people to use their phones to make payments, as well as a new platform that will make it easier for consumers to pay for digital media, music and games. Get the full story »

MasterCard reports back-to-school uptick

Caution remained the name of the game for U.S. consumers in September, but there was an upswing in spending on back-to-school supplies and less expensive electronics, according to a report by MasterCard Advisors’ SpendingPulse.

Clothing, electronics and online retailers all saw sales gains in September, SpendingPulse said, supporting Wall Street’s view that they got a boost from late back-to-school shopping that pushed sales from August. Get the full story »