Categorized | Business, Energy

Average gas prices in Hawaii fall 1.6 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, June 6- Average retail gasoline prices in Hawaii have fallen 1.6 cents per gallon in the past week, averaging $2.71/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has increased 3.9 cents per gallon in the last week to $2.36/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Hawaii during the past week, prices yesterday were 60.6 cents per gallon lower than the same day one year ago and are 5.4 cents per gallon higher than a month ago. The national average has increased 14.2 cents per gallon during the last month and stands 39.5 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on June 6 in Hawaii have ranged widely over the last five years:
$3.31/g in 2015, $4.35/g in 2014, $4.35/g in 2013, $4.48/g in 2012 and $4.00/g in 2011.

Areas nearby Hawaii and their current gas price climate:
Alaska- $2.63/g, up 2.1 cents per gallon from last week’s $2.60/g.
Anchorage- $2.51/g, up 2.7 cents per gallon from last week’s $2.48/g.
Honolulu- $2.51/g, up 1.1 cents per gallon from last week’s $2.50/g.

“The first week of the summer driving season saw the national average price of gasoline rise by less than 4 cents per gallon, but some states saw much greater volatility resulting from regional refinery setbacks and/or wholesale fuel spikes,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“Kentucky, Indiana, Illinois, Ohio and Michigan saw their respective state averages increase from 5 to 10 cents per gallon in recent days; impacted by an unplanned outage at Detroit’s Marathon refinery and a jump in Chicago wholesale which closed the week at the highest price level in the country.

“But it was Florida that saw the greatest increase in retail prices nationwide with its average jumping by 10 cents per gal. triggered by a mid-week spike in Gulf Coast wholesale fuel. Texas, Louisiana and Alabama prices at the pump also increased, but only by half the amount seen in the Sunshine State, where motorists pay the highest gasoline taxes in the Southeast,” Laskoski added.

For Hawaii Island gas prices and trends visit — www.hawaii247.com/gas

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