High Gas Prices Drive U.S.
Consumers to Find Deals on the Internet, According to comScore
The Gasbuddy Organization, Inc. Recorded a Record High of 2.5 Million
U.S. Unique Visitors in May 2008 According to comScore Media Metrix
RESTON, VA,
June 20, 2008 – comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today
announced that the Gasbuddy Organization, the largest web property that
publishes the location of the cheapest gas prices available within local areas,
recorded a record high of 2.5 million unique visitors in May 2008. Both the
number of people visiting gas price resource sites and the number of people
conducting Internet searches on the term “gas prices” shows a strong
correlation with the price of gasoline in the U.S.
Average
U.S. gas prices have steadily increased in recent months, reaching a record
high of $4.09 per gallon in the week of June 9, according to the U.S. Energy
Information Administration. This has been mirrored by substantial gains in Web
traffic to the GasBuddy Organization (as shown in the chart available at http://www.comscore.com/blog/gasbuddy.png).
Not
surprisingly, the top-performing search terms in generating traffic to GasBuddy
in April 2008 were phrases that included the words “gas prices,” according to
comScore Marketer, a new search marketing intelligence tool. In total, nearly 1
million people conducted 1.73 million searches for phrases including “gas
prices” during the month, representing an increase of 175 percent versus year
ago.
When
average gas prices increased 10 percent from October to November – the largest
monthly increase by percentage in the last year – many consumers used search
engines to find deals on gasoline. GasBuddy was the primary beneficiary of
these searches, with 37 percent of the all searches for “gas prices” resulting
in a click-thru to a GasBuddy site, driving 640,000 visits to the property
during the month.
The analysis of the correlation between average U.S. gas prices and the number
of searches on “gas prices” can be found on the comScore Voices blog at: http://www.comscore.com/blog/gas_prices_searches.png.
About comScore
comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the
digital world. For more information, please visit www.comscore.com/boilerplate.