According to the major credit card network, US gasoline demand keep falling as prices for a gallon of gas fold toward $2.65. Last week it was the first time in the last 9 months that the gasoline prices were recorded below 3$ a gallon. It is a fact we see US consumers consume less gas no matter where the prices are. In the last posts we wrote that if you see the gas prices and start thinking that all of a sudden gas is cheap, think again. Exxon Mobile reported a Q3, and they earn more money than any other publicly traded company ever recorder. Beat their own record and reported $14 billion profit. Maybe there is a drop in demand, but numbers still show some strong spending Americans show for gas. Gas credit cards that will offer you 5%-10% cash back on your gas purchases will sure help to put some extra cash in your pocket before holidays.

Tags: Gas Cards, gas consumption, Gas Prices, gasoline demand

This entry was posted on Thursday, October 30th, 2008 at 4:07 pm and is filed under Inside The Industry, Latest Saving Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.