Categorized | Business, Energy

Average gas prices in Hawaii rise 13 cents per gallon the past week

MEDIA RELEASE

Hawaii, HI, March 19- Average retail gasoline prices in Hawaii have risen 13.0 cents per gallon in the past week, averaging $3.77/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has increased 2.5 cents per gallon in the last week to $2.54/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 70.0 cents per gallon higher than the same day one year ago and are 8.8 cents per gallon higher than a month ago. The national average has increased 2.9 cents per gallon during the last month and stands 25.3 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on March 19 in Hawaii have ranged widely over the last five years:
$3.07/g in 2017, $2.53/g in 2016, $3.14/g in 2015, $4.16/g in 2014 and $4.37/g in 2013.

Areas near Hawaii and their current gas price climate:

  • Alaska- $3.06/g, up 1.2 cents per gallon from last week’s $3.05/g.
  • Anchorage- $2.95/g, flat from last week’s $2.95/g.
  • Honolulu- $3.36/g, up 3.5 cents per gallon from last week’s $3.32/g.

“Gas prices remained mostly in check over the last week, yet the national average pushed higher as seasonal factors continue to weigh on the market, led by jumps at the pump in some Great Lakes states over the weekend,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The national average now stands at its highest level in over a month and is likely to continue moving higher in the weeks ahead as demand continues to recover from the winter blues and the transition to summer gasoline kicks into high gear. Overall, gas prices this spring will come in some 10-25% higher than a year ago, removing billions of dollars from other areas of the economy that will instead be funneled to the pump.”

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

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