The month Energy Trend Data are now available on the DBEDT website.
Following are highlights:
*Crude oil price at the New York Mercantile Exchange averaged $75.82 per barrel in October 2009 which was 1.2% lower compared to the same month last year. Crude oil price increased 9.1% from the previous month. Year-to-date monthly average price of crude oil was down 46.3% from the same period in 2008.
*In August 2009, Hawaii’s import of foreign crude oil decreased 16.5% compared to August 2008.
*Year-to-date (January to August) 2009, total foreign imports of crude oil was up 4.4% compared to the same period a year ago.
*Although August is the fourth consecutive month ethanol was imported, year-to-date through August total foreign import of fuel ethanol was down 4.8% compared to the same period last year. Also, August represents the second time this year, there were foreign imports of propane to the neighbor islands. Year-to-date, foreign imports of propane is down 53.3% in comparison to last year.
*In October 2009, the national average price for regular gasoline was $2.557 per gallon, which represents a 16.2% decrease from the same month a year ago. Hawaii’s October 2009 price for regular gasoline averaged $3.262, which was about $0.704 or 27.5% higher than the national average for the same month and showed a decrease of 2.6% from the previous month.
*Among the prices of regular gasoline for Honolulu, Wailuku, and Hilo, as reported by the American Automobile Association, Wailuku had the highest price for regular gasoline at $3.622. Wailuku’s price for regular gasoline decreased $0.105 or 2.8% from the previous month. The price of regular gasoline for Honolulu was $3.158 and Hilo was $3.270.
*Hawaii’s demand for gasoline, as measured by gasoline tax base, increased 23.2% in August 2009 from the same month a year ago. Year-to-date through August the State’s total demand for gasoline was down 1.0%.
*All four counties experienced decreases in the total demand for gasoline during the first 8 months of 2009, with Kauai County decreased the most at -6.8%, followed by Maui County -2.7%, Hawaii County -0.5%, and City and County of Honolulu