Categorized | Business, Energy

Average gas prices in Hawaii rise 1.4 cents per gallon the past week

MEDIA RELEASE

June 29- Average retail gasoline prices in Hawaii have risen 1.4 cents per gallon in the past week, averaging $3.38/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 1.3 cents per gallon in the last week to $2.78/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Hawaii during the past week, prices yesterday were 95.9 cents per gallon lower than the same day one year ago and are 8.2 cents per gallon higher than a month ago. The national average has increased 3.9 cents per gallon during the last month and stands 89.6 cents per gallon lower than this day one year ago.

“The national average continued its slow retreat in the last week, but current events with Greece may have some bearing on the market in the week ahead and could put downward pressure on oil prices,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “Much is waiting in the wings in regards to Greece and with the latest round of debt relief talks failing thus far, it may weigh on stocks and commodities in the week ahead. Regardless of Greece, I believe gas prices nationally will eke out a third straight weekly decline- though a negative outcome in the Greece situation stands to enhance the expected downward momentum. Just eleven states saw increases during the last week, leaving 39 that saw a decline- a nice trend as we head towards July 4,” DeHaan said.

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

One Response to “Average gas prices in Hawaii rise 1.4 cents per gallon the past week”

  1. Earl Richards says:

    Global oil markets are over supplied, so the gasoline price should drop. Google and read the “Global Oil Scam”. The US is a victim of this scam.

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