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While gas prices are at record highs nationwide, U.S. motor-gasoline demand declined 3.2% for the week ended June 13 versus the similar week a year earlier, marking eight consecutive weeks of year-over-year declines in weekly demand, according to MasterCard Advisors' SpendingPulse survey released this week. Michael McNamara, MasterCard Advisors vice president of research and analysis, said in a statement the SpendingPulse data suggest consumption is falling as gas prices rise. "Although we observe volatility in the year-to-year comparisons, the four-week moving average, which tends to smooth seasonal fluctuations, indicates that Americans are changing driving habits and consuming less gasoline," he said. SpendingPulse is a macro-economic indicator of national retail sales in key categories and is based on aggregate sales in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check.

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