Categorized | Business, Energy

Average gas prices in Hawaii fall 2.4 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, May 30- Average retail gasoline prices in Hawaii have fallen 2.4 cents per gallon in the past week, averaging $3.27/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 0.6 cents per gallon in the last week to $2.36/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 54.2 cents per gallon higher than the same day one year ago and are 23.8 cents per gallon higher than a month ago. The national average has decreased 1.9 cents per gallon during the last month and stands 3.5 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 30 in Hawaii have ranged widely over the last five years:
$2.72/g in 2016, $3.30/g in 2015, $4.35/g in 2014, $4.35/g in 2013 and $4.53/g in 2012.

Areas near Hawaii and their current gas price climate:

  • Alaska- $2.99/g, up 5.5 cents per gallon from last week’s $2.94/g.
  • Anchorage- $2.71/g, down 0.6 cents per gallon from last week’s $2.72/g.
  • Honolulu- $2.87/g, down 0.5 cents per gallon from last week’s $2.88/g.

“With the summer driving season officially started, gasoline prices stand just a few cents higher than where they started last summer, an impressive feat,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “Surprisingly, Ohio, Indiana, Illinois, Michigan, Georgia, Kentucky, Tennessee, North Carolina, South Carolina, Alabama, Maine, Missouri and Iowa just witnessed the cheapest Memorial Day at the pump since 2005, a major feat. With the national average now seeing minor decline and roughly at the same point it was a week ago, summer gas prices are shaping up to be quite a bit lower than previous expectations and similar to what we saw last summer. This sets up a great summer season to hit the road, pointing to rising U.S. oil production in the midst of oil production cuts from OPEC for the stable prices.”

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

 

 

Become a fan on facebook

 

 

Quantcast
%d bloggers like this: