PURCHASE, N.Y. -- MasterCard Advisors LLC, the professional services arm of MasterCard Worldwide, is introducing its Spending Pulse U.S. Gasoline Demand Report, the first report that provides detailed information on the total amount of gasoline the U.S. pumps each week.
The Spending Pulse U.S. Gasoline Demand Report, which will be released each Tuesday, contains industry specific information representing a weekly snapshot of U.S. demand for gasoline. The report is based on aggregate payment volume over the MasterCard payments network coupled with estimates [image-nocss] of total purchases across other payment forms including cash and check.
The Spending Pulse U.S. Gasoline Demand Report captures multiple data points that produce total estimates of both the total number of barrels the U.S. pumps each week as well as average price per gallon data across the country. The report provides a more comprehensive view of gasoline consumption and consumer behavior than traditional gas consumption surveys that focus on the supply side of the story.
"Traditional gasoline data and reports focus on the supply side of the equation," says Michael McNamara, vice president of the SpendingPulse data service for MasterCard Advisors. "Our Spending Pulse U.S. Gasoline Demand Report is the first report that is in position to provide statistically significant views of the demand side of the gasoline equation. Now the markets will have comprehensive demand information each Tuesday to compliment the inventory data that is released each Wednesday."
The report is designed to provide government policy makers, energy markets and business leaders with a more comprehensive and timely view of how demand for gasoline changes each week in the United States.
A macro-economic indicator, SpendingPulse reports on national retail sales and is based on aggregate sales activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check. MasterCard SpendingPulse does not represent MasterCard financial performance.
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