Gasoline demand slumps after holidays: MasterCard
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U.S. retail gasoline demand fell last week for the second consecutive week as consumption continued to dwindle after the holiday season, MasterCard Advisors said Tuesday.
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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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Retail spending, hurt by a falloff in auto sales, dipped slightly in January, but demand stayed strong in other areas as people rushed to malls with their Christmas gift cards.
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U.S. crude dropped more than $4 on  Tuesday to its lowest level since early December on worries  that a possible U.S. recession would slow demand from the  world's largest energy consumer.
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January retail sales were unexpectedly flat as motor vehicle, gasoline and electronics sales fell sharply in the post-holiday season after a December that was stronger than originally indicated, a Commerce Department report showed on Wednesday.
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Fluctuating gas prices may be driving away shoppers and affecting sales for discount retailer Wal-Mart Stores Inc., which reported disappointing November same-store sales this week, according to a survey commissioned by the National Retail Federation.
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Average U.S. retail gasoline prices   have fallen significantly in the past two weeks as crude   dropped by more than $5.00 a barrel and the summer driving   season came to an end, according to the nationwide Lundberg   survey.
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The recent drop in prices at the pump could pick up steam, driving gasoline sharply lower in coming months, USA Today reported Wednesday.
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An increase in the worldwide supply of crude oil contributed to a dip in U.S. prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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WASHINGTON - Consumers lost a little of their enthusiasm for new vehicles in October but spent like mad in a number of other areas, including clothing and gasoline, the Commerce Department reported Friday.
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Your credit card may be in significant danger at the gas pump, and not (just) from high fuel prices. According to a Gartner analyst, point-of-sale terminals are emerging as a substantial security problem.
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Gasoline prices plunged more than 21 cents a gallon over the past two weeks to a national average of $2.66 amid an abundant supply of fuel at service stations, a national survey said Sunday.
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U.S. retail gasoline prices declined for the ninth week in a row and truckers are enjoying the cheapest diesel fuel in almost four months, the Energy Department said on Monday.
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The U.S. holiday shopping season got  off to a sluggish start with high oil prices and weak consumer  confidence hitting the key Thanksgiving weekend, according to  three retail indices released on Tuesday.
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Gasoline prices are hitting record highs, stocks of winter heating fuel are shrinking and energy costs are slowing the US economy.
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U.S. crude dropped more than $4 on Tuesday to its lowest level since early December on worries that a possible U.S. recession would slow demand from the world's largest energy consumer.
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Oil prices fell nearly $2 a barrel on  Wednesday, dragged down by heavy losses in U.S. gasoline  futures after summer driving demand in the world's largest  consumer failed to meet expectations.