Categorized | Business, Energy

Average gas prices in Hawaii fall 1.4 cents per gallon the past week

MEDIA RELEASE

December 21- Average retail gasoline prices in Hawaii have fallen 1.4 cents per gallon in the past week, averaging $2.74/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 1.6 cents per gallon in the last week to $1.99/g, according to gasoline price website GasBuddy.com

Areas nearby Hawaii and their current gas price climate:

  • Alaska- $2.32/g, down 1.6 cents per gallon from last week’s $2.34/g.
  • Anchorage- $2.24/g, down 1.3 cents per gallon from last week’s $2.26/g.
  • Honolulu- $2.55/g, down 1.9 cents per gallon from last week’s $2.57/g.

Including the change in gas prices in Hawaii during the past week, prices yesterday were 85.2 cents per gallon lower than the same day one year ago and are 10.2 cents per gallon lower than a month ago. The national average has decreased 8.4 cents per gallon during the last month and stands 39.4 cents per gallon lower than this day one year ago.

“With the national average price of gas slipping below $2 on Saturday, the holiday season continues to reward most consumers at the pump, but the Grinch turned up in California replacing price declines with price spikes,” said Gregg Laskoski, a senior petroleum analyst with GasBuddy. “California’s hikes tie directly to issues at two refineries with combined capacity exceeding 400,000 barrels per day. Consequently, California’s average price has climbed by 8 cents per gallon while the rest of the country for the most part sees declines,” Laskoski said.

For a complete listing of current averages and other fuel price data, visit http://media.gasbuddy.com For fuel news and alerts, follow @GasBuddyNews on Twitter.

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

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