Categorized | Business, Energy

Average gas prices in Hawaii fall 2.6 cents the past week

MEDIA RELEASE

Hawaii, May 7- Average retail gasoline prices in Hawaii have fallen 2.6 cents per gallon in the past week, averaging $4.52/g yesterday. This compares with the national average that has fallen 2.9 cents per gallon in the last week to $3.77/g, according to gasoline price website HawaiiGasPrices.com.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 2.2 cents per gallon lower than the same day one year ago and are 8.6 cents per gallon lower than a month ago. The national average has decreased 13.4 cents per gallon during the last month and stands 15.9 cents per gallon lower than this day one year ago.

“I’d probably sound like a broken record at this point if I were to tell folks that crude prices breached and fell under $100 late last week. I’m sure I’ll be flooded with motorists asking why gasoline prices haven’t fallen yet,” chuckled GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Either way, it’s great news for motorists- but some hot spots may burn motorists before they see any sizable relief. When I mention hot spots, I’m thinking of the West Coast- where supply has dropped considerably, causing tightness and perhaps higher prices. The rest of the country, however, should see short term relief continue ahead of Memorial Day, easing unfounded fears of the national average hitting $5/gal, or even $4/gal,” DeHaan said.

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

One Response to “Average gas prices in Hawaii fall 2.6 cents the past week”

  1. Daniel L says:

    Just where are these prices falling? I’ve been reading for the past three weeks how prices have dropped, yet the prices remain at $4.88 a gallon where I live.
    I like the last sentence in the article “unfounded fears of the national average hitting $5/gal, or even $4/gal,”. I would love our prices to be the same as the national average – or at least a lot closer to that price.

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