MEDIA RELEASE

Hawaii, HI, May 23- Average retail gasoline prices in Hawaii have fallen 2.0 cents per gallon in the past week, averaging $2.65/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has increased 6.1 cents per gallon in the last week to $2.28/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Hawaii during the past week, prices yesterday were 62.4 cents per gallon lower than the same day one year ago and are 6.0 cents per gallon higher than a month ago. The national average has increased 15.1 cents per gallon during the last month and stands 46.1 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 23 in Hawaii have ranged widely over the last five years:
$3.28/g in 2015, $4.37/g in 2014, $4.35/g in 2013, $4.53/g in 2012 and $4.22/g in 2011.

Areas nearby Hawaii and their current gas price climate:
Alaska- $2.55/g, up 6.3 cents per gallon from last week’s $2.49/g.
Anchorage- $2.44/g, up 4.9 cents per gallon from last week’s $2.39/g.
Honolulu- $2.44/g, flat from last week’s $2.44/g.

“With crude oil prices rallying over the past 6 weeks, reaching the highest point that we’ve seen since November ($48.50/ bbl.) before Friday’s close, we should expect wholesale and retail gasoline prices to rise further,” says Gregg Laskoski, senior petroleum analyst for GasBuddy.

“The good news for consumers is that even with the recent increases in the price at the pump, on average we’re still paying about 45 cents less per gallon this year versus last. And in California the state average is $1 less than last year… that should please anyone with travel plans this summer!”

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