MEDIA RELEASE

Hawaii, HI, April 11- Average retail gasoline prices in Hawaii have fallen 0.4 cents per gallon in the past week, averaging $2.61/g yesterday, according to GasBuddy’s daily survey of 355 gas outlets in Hawaii. This compares with the national average that has fallen 1.2 cents per gallon in the last week to $2.04/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Hawaii during the past week, prices yesterday were 47.7 cents per gallon lower than the same day one year ago and are 6.9 cents per gallon higher than a month ago. The national average has increased 15.6 cents per gallon during the last month and stands 34.9 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on April 11 in Hawaii have ranged widely over the last five years:
$3.09/g in 2015, $4.30/g in 2014, $4.38/g in 2013, $4.60/g in 2012 and $4.41/g in 2011.

Areas nearby Hawaii and their current gas price climate:

• Alaska- $2.23/g, down 1.5 cents per gallon from last week’s $2.24/g.
• Anchorage- $2.15/g, flat from last week’s $2.15/g.
• Honolulu- $2.43/g, up 2.3 cents per gallon from last week’s $2.40/g.

“It’s especially rare in April to see the average price of gasoline dead even or slightly lower in some places than where it was in the prior week… and as encouraging as that news certainly is for U.S. motorists, unfortunately, it’s more of an anomaly than a trend. But it’s still a very good harbinger of the savings 2016 is expected to bring,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“What caused it? We’ve been fortunate that 2016 delivered a successful and largely uneventful transition by refineries to the ‘summer blend’ fuel formulation which has been completed in California and is nearing completion almost everywhere else. Concurrent output through March and early April matches levels not seen since 2005,” Laskoski added. “So the healthy inventory in advance of demand has helped flatten prices, but we don’t expect that to last when summer travel kicks into high gear.”

For LIVE fuel price averages, visit http://media.gasbuddy.com

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