Categorized | Business, Energy

Average gas prices in Hawaii climb 0.9 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, June 27- Average retail gasoline prices in Hawaii have risen 0.9 cents per gallon in the past week, averaging $2.78/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 2.4 cents per gallon in the last week to $2.31/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 59.5 cents per gallon lower than the same day one year ago and are 6.8 cents per gallon higher than a month ago. The national average has decreased 1.3 cents per gallon during the last month and stands 47.2 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on June 27 in Hawaii have ranged widely over the last five years:
$3.37/g in 2015, $4.34/g in 2014, $4.31/g in 2013, $4.29/g in 2012 and $4.04/g in 2011.

Areas nearby Hawaii and their current gas price climate:

  • Alaska- $2.64/g, up 0.3 cents per gallon from last week’s $2.64/g.
  • Anchorage- $2.52/g, down 1.5 cents per gallon from last week’s $2.54/g.
  • Honolulu- $2.59/g, up 5.1 cents per gallon from last week’s $2.54/g.

“The national average price of gasoline has now slipped nearly 10 cents lower than the 2016 peak, to-date, of $2.39 per gallon, bringing greater likelihood that prices for the Fourth of July weekend will be even lower than where they now stand,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“And if there was any doubt about the direction of retail gasoline, ‘Brexit’s impact –strengthening the U.S. dollar; weakening European currencies and weakening global crude oil prices– is expected to add even more downward pressure to summer gas prices despite record-setting demand (9.81 million barrels per day for the week ending June 17).”

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

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