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At $4.21, Hawaii gas costs about 80 cents more than on the mainland

By Staff and the Associated Press

POSTED:
LAST UPDATED: 02:28 p.m. HST, Oct 10, 2011


 

 

Gas prices in Hawaii have declined slightly but drivers are still paying much more than they were a year ago and significantly more than drivers on the mainland.

AAA's Daily Fuel Gauge report shows gas prices in Honolulu have dropped faster than the Neighbor Islands, where prices appear to have leveled off and are declining slightly. 

GasBuddy.com said today that the average price across the state last week was $4.21 a gallon, 2.3 cents less than the week before. 

Last year at this time, Hawaii drivers were paying an average of $3.48 a gallon to fill up.

In Honolulu, AAA says the average price for a gallon of regular is $4.10, down nearly 4 cents from last week and 16 cents lower than last month.

Gas prices in Hilo averaged $4.33, down 2 cents from last week, but still 7 cents higher than last month. In Wailuku, the average price for regular is $4.44 cents a gallon, about the same as last week and 7 cents higher than last month.

Hawaii remains the only state with gas prices above $4 a gallon.

Gas prices leveled off on Monday at a national average of $3.395 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular has dropped an average of 27 cents since Sept. 5. It's still about 59 cents higher than a year ago.

Pump prices on the mainland have been falling almost every day since the first week of September. 

But rising oil prices could keep retail gasoline prices from sinking as low as some expected this year, analysts said.

Oil prices jumped more than 3 percent today after France and Germany agreed to strengthen Europe's ailing banks.

Benchmark crude rose $2.68, or 3.2 percent, to $85.66 per barrel in New York, and Brent crude increased $3.17 at $109.05 in London.

"Everyone had priced in a recession, and now we're realizing that, while the economy won't be growing that fast, it's still growing," PFGBest analyst Phil Flynn said.

 

The senior petroleum analyst for GasBuddy, Patrick DeHaan, said he expects oil prices to remain volatile, resulting in a roller coaster ride of up and down prices for consumers.







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BigErn wrote:
Hey Abercrombie! Do something about this!
on October 10,2011 | 10:25AM
Manoa2 wrote:
US Crude, if you can get it is selling at $85.66 per barrel in Oklahoma and Texas due to an oversupply of USA crude relative to demand. The Brent Crude price at $109.05 in London is closer to what we pay to bring in foreign oil to Hawaii. In fact, even on the mainland, oil companies are still buying more expensive foreign oil instead of US product because of infrastructure issues-- lots of oil stuck in Oklahoma and Texas, but difficult to ship or not enough pipelines.
on October 10,2011 | 10:26AM
HD36 wrote:
HI Taxes on gas Highest in the Nation!
on October 10,2011 | 11:25AM
Anonymous wrote:
They charge higher because they can! No competition leads to higher prices. No real justification. Just that they can so they do. And we are just stuck!
on October 10,2011 | 11:42AM
Bruddah_Shane wrote:
Anonymous is right on the money. Last time I checked Hawaii only has two refinieries in Campbell Insutrial Park, Chevron and another one. Classic monopoly.
on October 10,2011 | 12:39PM
kawika72 wrote:
Nobody to oversee oil companies here! They can do and charge whatever they want to. According to what they are saying, they chose to import more expensive oil than what other States are bringing in. Not interested in bringing down our gas cost. Just keep raking in the profits! It seems that our legislature are not interested in doing something about this. Even though it is a driving force behind rising cost of living for Hawaii residents.
on October 10,2011 | 11:46AM
nodaddynotthebelt wrote:
I am not at all surprised at the higher gas prices. It is our own people that are gouging us. Look at that local pizza restaurant. The national ad says 10 bucks for any size any topping pizza. You go to the local kama'aina restaurant and the price is almost 17 bucks! I asked the cashier why it costs almost 7 bucks more than the mainland and he said "shipping"? You mean it costs them 7 bucks more to ship each pizza to Hawaii? Then there is that local taco restaurant that has the national ad for 99 cents for a burrito. I went to the local taco restaurant and the price was a 1 dollar and 69 cents. Why 69 cents more? Shipping? A UH professor summed it up as to why the gas prices are higher here. Because we, the consumers, continue to pay the higher rate. Many will go to that brand gas station even though there is another gas station offering lower prices. Even if the competitor is across the street! I have seen gas station with higher prices with more traffic than gas stations offering lower prices. Go figure. I guess we put it upon ourselves.
on October 10,2011 | 12:07PM
Wazdat wrote:
GREED and a MONOLOPY
on October 10,2011 | 12:50PM
HonoluluHawaii wrote:
Let me see, u talking about Neil and Peter? Or 76 and Chevron? Maybe both, however mostly Neil and Peter i think.
on October 10,2011 | 02:41PM
what wrote:
The least Abercrombie can do is get rid of the law requiring Ethanol be added to our gasoline. It costs more money and reduces gas mileage. Lose Lose! Stop putting the insanity, stop putting corn (food) in our gas, the corn industry doesn't need the subsidy (welfare)!
on October 10,2011 | 12:52PM
KekoaBradshaw wrote:
Bring the Gas Cap law back NOW!
on October 10,2011 | 12:55PM
hon2255 wrote:
Abercrombie, legislature, get rid of the Ethanol is correct, it uses more energy because it is not a energy efficent fuel to burn, gas mileage goes down and the end result is we use more gas!!!! And ethanol is bad for fuel tanks, pumps and lines, worse for the boaters, and we don't process and grow plants here for the fuel, pay more to import that too!!! the politicians are listening to the wrong voices. Highway taxes should be reduced as the highways are not maintained well ...going on forever. The oil corp.here are Tesoro and Chevron, Aloha buys from them, all buddy buddy, in ca hoots. We have been getting screwed for 50 years. NOTHING HAS CHANGED. LOOK AT OUR PRICES NOW, SIMPLY OUTRAGEOUS.
on October 10,2011 | 01:15PM
LizKauai wrote:
$4.53.9 on Kauai...
on October 10,2011 | 01:54PM
HonoluluHawaii wrote:
Yah and most of the eighty cents goes to Uncle Neil and Cousin Peter.
on October 10,2011 | 02:37PM
vegaaspoidog wrote:
Did the former gas cap have any major influence on the price of gas?
on October 10,2011 | 02:45PM
braddah wrote:
Greed is killing our nation!
on October 10,2011 | 04:44PM
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