Motorists Pumping More Gas

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Motorists Pumping More Gas

NEW YORK -- A weekly survey of spending trends at the pump revealed U.S. demand for gasoline rose 4.2 percent, or nearly 3 million barrels, for the week ending Aug. 17, compared with the previous week, according to a Forbes report.

SpendingPulse, the retail data service of MasterCard Advisors showed demand for gasoline rose 5.7 percent versus the comparable week the year before.

The survey also found average retail prices nationwide for regular gasoline fell 6 cents, to $2.75 per gallon -- a drop of 8.3 percent from a week prior, Forbes reported. The average price across the country has fallen 27 cents in the past five weeks.

SpendingPulse reports on national retail sales. Data is based on aggregate sales activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check.