MEDIA RELEASE

Average retail gasoline prices in Hawaii have fallen 0.1 cents per gallon in the past week, averaging $4.18/g yesterday. This compares with the national average that has fallen 4.2 cents per gallon in the last week to $3.61/g, according to gasoline price website HawaiiGasPrices.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 79.5 cents per gallon higher than the same day one year ago and are 7.6 cents per gallon higher than a month ago. The national average has increased 2.4 cents per gallon during the last month and stands 88.0 cents per gallon higher than this day one year ago.

“It took the end of summer for a drop in retail gasoline prices, but I’m sure motorists won’t complain that we’re finally seeing some drops in prices,” said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. “We’ve seen wholesale prices continue to be somewhat volatile, but I believe as we enter October we’ll see markets slowly quiet down with retail gasoline prices falling to $3.35-$3.55 on average by Thanksgiving, with the exception being typical hotspots on the West Coast,” DeHaan adds.

About HawaiiGasPrices.com

GasBuddy.com operates over 200 live gasoline price-tracking websites, including HawaiiGasPrices.com. GasBuddy.com was named one of Time magazine’s 50 best websites and to PC World’s 100 most useful websites of 2008.