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Gas prices set record in Hawaii

By Star-Advertiser staff

POSTED:
LAST UPDATED: 07:37 a.m. HST, Apr 01, 2012


The average price in Hawaii of a gallon of regular gas, already the highest in the nation, set a record Saturday and is likely to continue rising for the next few weeks.

The AAA Hawaii Daily Fuel Gauge Report estimated Saturday that the state-wide average price of regular gas reached $4.597 a gallon, beating the old record of $4.594 set in May 2011. Theaverage price dropped by 1/10th of a cent today. The price of gas here has risen about 25 cents in the last month and is about 33 cents higher than the same time last year.

Nationally, the average price of gas is $3.925 for regular and some analysts believe it could reach a record high next month.

Analysts think pump prices will top $4 a gallon nationally within the next couple of weeks, perhaps sooner. Then they could start to fall.

Tom Kloza, chief oil analyst at Oil Price Information Service, expects the national average for gas to hit about $4.05 per gallon by mid-April. It could level off there, and some analysts think it will start to fall. But Kloza also has said that the average could go as high as $4.25 per gallon later in the month, which would top the national record of $4.11 set in 2008.

In Honolulu, the average regular gas price is about $4.47 cents a gallon and could beat the record price of about $4.48 cents a gallon in the next couple of days if prices continue rising at the same pace.

Hilo's gas prices set another record Saturday of about $4.76, but dropped by 1/10th of a cent today. Gas prices in Hilo have been setting records daily since March 22.

Wailuku's average price of about $4.77 a gallon for regular is 22 cents a gallon less than the record of $4.99 set in May 2011.

The Associated Press contributed to this story.







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HD36 wrote:
Gas isn't going up. The value of the dollar is going down. Thanks Uncle Ben! You said there is no inflation, and there was no housing bubble. What have you gotten right?
on March 31,2012 | 09:09AM
Highinthesierras wrote:
So true, with the stimulus spending and all the money wasted since, the World sees little value in the dollar. The politicians is Washington and Honolulu spend our money In stupid fashion to buy another term for themselves, then ask for higher taxes. All the increase in GAS prices result in more TAXES SO NO WONDER Barry has no interest in lower prices.. NO SHAME.
on April 1,2012 | 06:04AM
niimi wrote:
This cannot be Obama's fault; it is Bush's fault. Of course, of course it is. Yup. Obama cannot take blame for this. He's only been in office for 80% of his first term. This is still the Bush economy. You know, we're getting, Bushwhacked! It's "Hard work" to fix an economy. Hope takes 4 years. Change takes 4 more.
on March 31,2012 | 09:10AM
saywhatyouthink wrote:
Ha.....good slogan for Obama's re-election campaign.
on March 31,2012 | 11:27PM
primowarrior wrote:
No, it's not Bush's fault, and neither is it Obama's. The President has no control over gas and oil prices, but they sure do take the blame when those prices go up.
on April 1,2012 | 10:43AM
menloboy wrote:
And Hawaii will vote him back in an Island landslide!
on March 31,2012 | 09:29AM
peanutgallery wrote:
No doubt about it.
on April 1,2012 | 04:01AM
chryw8 wrote:
and big, heavy, hulking SUV's are hot ticket items for single driver commuters. go feega. these guzzlers are contributing to high prices, not to mention accelerating the deterioration of our roads.
on March 31,2012 | 09:36AM
iwanaknow wrote:
A Tongan guy on the North Shore who commutes has a big 2010 Ford F150 with double, side diesel tanks...cost $400.00 to fill up...yikes
on March 31,2012 | 09:57AM
Ronin006 wrote:
Thank you, President Obama. You promised us change and we got it.
on March 31,2012 | 09:42AM
kainalu wrote:
In 2011, two of the Top-5 most-profitable companies were Oil corporations - Exxon Mobile at #1, and Chevron at #3. Something is SERIOUSLY WRONG with this picture, people. Again, Exxon Mobile was the most profitable corporation last year. Gee? I wonder how they became so rich? Try pump #6 for starters. Any pump for that matter.
on March 31,2012 | 09:47AM
AniMatsuri wrote:
Yeah, gross profit.Net profit not so much. How about the millions lost when they drill in areas the turn up nothing?
on March 31,2012 | 11:40AM
tiki886 wrote:
Obama's crony, Jeff Immelt, CEO of GE have paid ZERO taxes on $35 BILLION DOLLARS of profit.. What's wrong with dat picture, huh?
on March 31,2012 | 12:31PM
tiki886 wrote:
Obama's crony, Jeff Immelt, CEO of GE have paid ZERO taxes on $35 BILLION DOLLARS of profit.. What's wrong with dat picture, huh?
on March 31,2012 | 12:34PM
MANDA wrote:
Add in the $4 BILLION in subsidies oil companies get each year and the picture's even more askew.
on March 31,2012 | 12:55PM
tiki886 wrote:
If you take away the oil companies subsidies, do you think the price of gas will go up or down?
on March 31,2012 | 02:34PM
Ronin006 wrote:
Yes, kainalu, and where do you think those profits went? I'll tell you. They were distributed to shareholders comprised of individual investors like teachers, fire fighters, police officers, workers in any and all professions with 401(K) accounts, and to state and city pension funds to name just a few. Please tell me why that is wrong?
on March 31,2012 | 01:56PM
hybrid1 wrote:
Fact: U.S. is using less gasoline and drilling for more oil on U.S. Properties than ever. U.S. Oil companies also importing oil, refining it, then EXPORTING same overseas because more profit is made where gas prices are higher. Same for Natural Gas and oil produced in U.S......it is exported overseas....which is why gas prices are still higher in U.S. FACT per T. Boone Pickens.. The congress needs to put a tax on oil and nat gas EXPORTED from the U.S. but the Republicans reject the tax because they support the rich oil companies....FACT. Vote for a democratic congress in November!
on March 31,2012 | 02:29PM
HD36 wrote:
Apple is now #1. Their net margin is 10x higher than any oil company. Should we tax them 75%?
on March 31,2012 | 06:57PM
kimotherapy2 wrote:
I am not asking the President of the United States to try to control the Oil Industry. I am asking that in Protest He will lead us by declaring a National Emergency and place a Gas Price Freeze at a viable cost to all concerned. It's been done before and it's better to have "odd and even" days of gas lines at the pumps instead having the price of food and home materials at the mercy of the Oil Industry. April 15th. is a ground movement protest to stop buying gas at the pumps for one day to show our displeasure of the cost of living at the hands of the Oil Industry.
on March 31,2012 | 10:14AM
HD36 wrote:
Why would any company sell there product at a loss? If the true price was 8.00 a gallon and they were forced to sell it for 4.00 a gallon, they would simply close the station down and move overseas.
on March 31,2012 | 10:33AM
tiki886 wrote:
Kimo, your boy Obama campaigned on creating higher gas prices to make alternative energy economically viable! His anti energy secretary Chu stated publically that gas prices should appraoch European style prices of $10 per gallon. Don't blame the oil industry. Obama is the one who is creating higher oil prices with his policies implemented by Sec. Chu.
on March 31,2012 | 12:46PM
saywhatyouthink wrote:
typical tea bagger rhetoric
on March 31,2012 | 11:32PM
hybrid1 wrote:
Oil Billionaire Boone Pickens said on CNBC that the U.S demand for oil has gone down but the oil companies continue to make money by buying oil from the middle east, refine it, then sell the gas to overseas (China, India, Europe) because their gas prices are double our prices. Pickens said this practice hurts U.S gas prices because it tends to keep the demand for gas high in the U.S...........Pickens believes the cheap Natural gas ($2.50 in U.S.) is $15 dollars in China and $13 in Japan. The U.S. has started to use Natural Gas for the nation's trucking industry which uses 15 percent of all the imported oil so the future looks good. However,the oil and Natural gas industry are still intent on EXPORTING OIL AND NATURAL GAS BECAUSE PRICES ARE WAY HIGHER OVERSEAS ...This is a major reason for rising gas prices in the U.S........Building the Keystone pipeline from Canada to Texas won't help as the republicans in Congress continue to mislead the public. (Question: Why is the Keystone piped to Texas???? Ans . to export Gas to overseas!) Obama understands what Boone Pickens is saying and trying to change the energy policy to eliminate need for oil from the middle east. ..i.e change autos and tractor trailers to natural gas and to increase CAFE from 27 mpg to 55 mpg.
on March 31,2012 | 02:33PM
tiki886 wrote:
In a Jan. 18 CNBC interview, well-known oil executive T. Boone Pickens said, "we're complete fools" for rejecting the pipeline. He worries that Canada will grow tired of waiting, build a pipeline to the west and send the oil to China, instead of the United States.
on March 31,2012 | 03:09PM
Manapua_Man wrote:
Is this supposed to be news to most of us? Unless we can find a large oil reserve next to us in the Pacific, gasoline will always cost more. Everything costs more here because we have to ship everything across the ocean. Should be as obvious as saying "Hawaii has more sandy beaches than Iowa".
on March 31,2012 | 10:29AM
CloudForest wrote:
Absolutely not true, Hawaii has a deep water unloading facility so as to bring in supertankers and to buy gasoline at the lowest price possible. It's rules, regulations, lack of distribution and above all the democrat machine that forces this upon us all. Please bend over and enjoy, then vote democrat!
on March 31,2012 | 10:46AM
Fred01 wrote:
It is much cheaper to ship oil to Hawaii than it is to the land locked parts of the mainland. You are ill informed.
on March 31,2012 | 12:02PM
Fred01 wrote:
Kamehameha Schools is to blame.
on March 31,2012 | 12:00PM
Kuokoa wrote:
It sure does not look like gas prices are increasing at record rates with all the cars out there on the roads! When I see more bicycles and mopeds out there thenI will believe.
on March 31,2012 | 12:28PM
LanaUlulani wrote:
I feel bad for my family and friends who have to deal with those people who defend Obama and the Federal Reserve who pushed for quantitative easing and printed worthless money which further devalued the American dollar.

This caused gas prices, food prices, and power bill prices to increase exponentially... while incomes are not rising.


on March 31,2012 | 12:56PM
saywhatyouthink wrote:
You'd be singing a different tune if we had another great depression going on right now instead of a recession.
on March 31,2012 | 11:36PM
HonoluluHawaii wrote:
State and City, stop it with your voracious appetite.
on March 31,2012 | 01:24PM
niimi wrote:
The Unobama at work.
on March 31,2012 | 01:28PM
niimi wrote:
The unobama at work. We can only hope for gas prices to pull back in time. Otherwise it will make for a very long Summer. The air fares are going up too because jet fuel is probably getting very expensive again.
on March 31,2012 | 01:30PM
niimi wrote:
A couple of friends of mine who are Pacific Islanders, they feel they have to drive a bigger vehicle. "When you're 6'2", 240#s (because both feel they are "fit" and tirm, they still feel cramped when test driving a Civic, Corolla, Focus or any other smaller vehicle. I have to agree. Sometimes one's genetics leave you with no choice. There are some tiny folks out there, too, who have the other problem where cars are mostly made too big so they have a hard time seeing out or can't get the car to fit right in terms of steering wheel reach, pedal reach, and having to sit too close to the airbag. The former have an issue with having to drive a gas guzzler because no one makes a large car with a 4-cylinder motor in it.
on March 31,2012 | 01:34PM
Wazdat wrote:
STOP the ethanol B $ and reduce the taxs we pay at the pump. If they are NOT going to fix the roads then STOP TAXING US.
on March 31,2012 | 01:57PM
ejkorvette wrote:
Lucky You Live Hawaii, Yeah? Yeah? Ha Ha, that's what Honolulu Locals do. Laugh and Laugh some more. Products of a great education! UH ranks with the top 3 High Schools in the Nation. Maybe.
on March 31,2012 | 03:56PM
soshaljustic wrote:
Even more addicted to driving than smokers are to cigarettes. They do not want to take mass transit, they insist on driving their cars. Oh well, let them pay the price of a pack of cigarettes:gallon of gas spewing the toxins into the atmosphere and killing us all anyway.
on March 31,2012 | 04:02PM
CloudForest wrote:
Lets all get mopeds! It would make coming out of the Wilson tunnel way more exciting!
on March 31,2012 | 04:04PM
saywhatyouthink wrote:
it may come to that if gas prices double.
on March 31,2012 | 11:38PM
Riamondred wrote:
Local boy from Oahu, now in LA. MUCH longer commutes and congested traffic here. You all live in Paradise. Don't complain please. You could be here instead.
on March 31,2012 | 07:46PM
jaluasa wrote:
Don't complain, was your choice to move, BRUDDAH!!!
on March 31,2012 | 08:43PM
Pacej001 wrote:
Never fear, Obama's here doing a little bit of everything (emphasis on the little)--"Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur. Virginia Gov. Bob McDonnell notes that a planned lease sale, which the administration cancelled last year, will now be put off until at least 2018."
on April 1,2012 | 01:36AM
bestreader wrote:
It doesn't matter what party is in office gas prices will go up and come down and go up and down. It is just part of how an econmy works.
on April 1,2012 | 02:18AM
Pacej001 wrote:
Yeah, just how it works: Do nothing to increase supply while global demand goes up and up. Result: Higher prices. On the other hand if we make every effort to increase supply, prices will go down or stabilize. Don't think the latter is going to be happening with the Obama administration.
on April 1,2012 | 07:18AM
jaluasa wrote:
It would take at least a decade for an increased supply from the US to impact global prices, it won't happen over night.
on April 1,2012 | 08:58AM
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