Categorized | Business, Energy

Average gas prices in Hawaii fall 7 cents per gallon the past week


February 22- Average retail gasoline prices in Hawaii have fallen 7.0 cents per gallon in the past week, averaging $2.55/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has increased 1.9 cents per gallon in the last week to $1.71/g, according to gasoline price website

Including the change in gas prices in Hawaii during the past week, prices yesterday were 48.9 cents per gallon lower than the same day one year ago and are 9.1 cents per gallon lower than a month ago. The national average has decreased 13.1 cents per gallon during the last month and stands 58.4 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 22 in Hawaii have ranged widely over the last five years:
$3.04/g in 2015, $4.05/g in 2014, $4.34/g in 2013, $4.21/g in 2012 and $3.73/g in 2011.

Areas nearby Hawaii and their current gas price climate:

  • Alaska- $2.18/g, down 5.8 cents per gallon from last week’s $2.24/g.
  • Anchorage- $2.08/g, down 4.1 cents per gallon from last week’s $2.12/g.
  • Honolulu- $2.37/g, down 4.3 cents per gallon from last week’s $2.41/g.

“Many motorists in the Midwest saw an ugly surprise at the gas pumps last week, as prices spiked as high as 23 cents per gallon in one week’s time in places,” said Will Speer, a GasBuddy senior petroleum analyst. “The spike occurred on the back of news that Midwest refineries were reducing production rates due to poor economics. The rest of the U.S. enjoyed another week of declining gas prices. The largest decline in retail gas prices occurred in Southern California, as the wholesale gasoline price fell to the cheapest in the country. Expect West Coast motorists to reap the benefits of these low wholesale prices at the pump in the upcoming week,” he added.

For Big Island gas prices and trends visit —

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