Categorized | Business, Energy

Average gas prices in Hawaii rise 2.7 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, September 11- Average retail gasoline prices in Hawaii have risen 2.7 cents per gallon in the past week, averaging $3.34/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.65/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 56.7 cents per gallon higher than the same day one year ago and are 7.9 cents per gallon lower than a month ago. The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on September 11 in Hawaii have ranged widely over the last five years:
$2.77/g in 2016, $3.00/g in 2015, $4.26/g in 2014, $4.31/g in 2013 and $4.36/g in 2012.

Areas near Hawaii and their current gas price climate:

  • Alaska- $3.03/g, up 5.5 cents per gallon from last week’s $2.97/g.
  • Anchorage- $2.78/g, up 3.7 cents per gallon from last week’s $2.74/g.
  • Honolulu- $2.92/g, down 0.5 cents per gallon from last week’s $2.92/g.

“Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. Once again, motorists shouldn’t expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector. With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as many Americans are now acutely aware, the impact on gas prices can outlive a storm, especially one like Harvey.”

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

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Sep 22, 2017 / 5:15 pm

 

 

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