MasterCard (NYSE: MA) issued a new SpendingPulse report on Tuesday which said that weekly demand for U.S. retail gasoline fell by 0.3% during the third-week of September.
The report said that gasoline demand average 8.978 million barrels per day, down from 9.006 million barrels per day during the previous week. The report also stated that demand was down 2.1% compared to the same week last year. Over the last four weeks, gasoline consumption fell by 0.7% compared to the same period in 2009.
MasterCard also said that retail gas prices fell by $0.02 to $2.71 per gallon for the week of September 24th.
MasterCard Incorporated (MasterCard) is a payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of approximately 23,000 financial institutions and other entities that are its customers. Through its three-tiered business model as franchisor, processor and advisor, the Company develops and markets payment solutions, process payment transactions, and provides support services to its customers and, depending upon the service, to merchants and other clients. MasterCard manages a family of payment card brands, including MasterCard, MasterCard Electronic, Maestro and Cirrus, which the Company licenses to its customers. In December 2008, MasterCard acquired Orbiscom Ltd.
Shares of MA traded down 0.17% during mid-day trading on Monday.
