UPDATE 1-US gasoline demand down 7 pct yr/yr as price rises -MasterCard


* Prices up 7 cents to $3.60 a gallon * Gasoline demand up 2.5 pct in week to Feb. 24 * Demand down 6.9 pct from year ago, prices 11.1 pct higher (Adds quote, graphic link) NEW YORK, Feb 28 (Reuters) - U.S. gasoline demand rose 2.5 percent last week as motorists filled up for the Presidents Day holiday but was down 6.9 percent from a year ago on higher fuel costs, MasterCard said in its weekly SpendingPulse report on Tuesday. In the latest week to Feb. 24, gasoline prices rose 7 cents ...

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