Categorized | Business, Energy

Average gas prices in Hawaii rise 1.9 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, February 20- Average retail gasoline prices in Hawaii have risen 1.9 cents per gallon in the past week, averaging $3.11/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 0.3 cents per gallon in the last week to $2.27/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 52.0 cents per gallon higher than the same day one year ago and are 4.6 cents per gallon higher than a month ago. The national average has decreased 3.8 cents per gallon during the last month and stands 56.0 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 20 in Hawaii have ranged widely over the last five years: $2.59/g in 2016, $3.02/g in 2015, $4.05/g in 2014, $4.29/g in 2013 and $4.23/g in 2012.

Areas near Hawaii and their current gas price climate:

  • Alaska- $2.66/g, flat from last week’s $2.66/g.
  • Anchorage- $2.56/g, down 2.7 cents per gallon from last week’s $2.59/g.
  • Honolulu- $2.98/g, up 0.9 cents per gallon from last week’s $2.98/g.

“Refinery liquidation of cheaper winter grade fuel keeps pump prices in similar territory for the week ahead,” said Dan McTeague, GasBuddy senior petroleum analyst. “The ongoing saga of global oil production limitations becomes less important as refineries begin the early stages of maintenance and turnarounds to accommodate summer gasoline blends.”

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

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