Categorized | Business, Energy

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

MEDIA RELEASE

Hawaii, September 22- Average retail gasoline prices in Hawaii have fallen 1.6 cents per gallon in the past week, averaging $4.24/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 3.4 cents per gallon in the last week to $3.34/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 4.4 cents per gallon lower than the same day one year ago and are 7.0 cents per gallon lower than a month ago. The national average has decreased 8.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

“As expected, fuel prices nationwide continue to decline following the expiration last week of the EPA’s ‘summer blend’ gasoline requirement,” said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. “That’s good news for consumers. We know that when gas prices rise in springtime it removes billions from the U.S. economy… Logic dictates that the reverse is true too, and that as prices fall, it puts a little money back in consumers’ pockets.”

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

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