POSTED: 9:11 a.m. HST, Jul 29, 2011
LAST UPDATED: 9:49 a.m. HST, Jul 29, 2011
The average price of regular unleaded gasoline climbed to more than $4 a gallon again in Honolulu, after rising statewide over the last month.
Today's average price of $4.01 a gallon in Honolulu is about a penny more than yesterday; four cents higher than last week, and six cents higher than last month. Gas prices in Honolulu are about 63 cents higher than last year, but still far below the record of $4.48 cents a gallon on May 6.
The statewide average price of regular gas is about $4.12 a gallon, up 2 cents from yesterday and seven cents higher than last month.
Pump prices continue to climb across the country even though demand has been anemic for July, which typically is one of the heaviest driving periods as Americans travel on vacation.
The national average for unleaded gasoline rose 0.4 cent overnight to $3.71 a gallon, according to AAA, Wright Express and Oil Price Information Service. That's 16.7 cents more than a month ago and 96.6 cents more than a year ago.
Analysts say prices will remain within a fairly narrow range for the next couple of months until there is more clarity on the economic front