Photo: Emily Metcalf
Photo: Emily Metcalf

Highlights for January 2013’s Monthly Energy Trends

·        Crude Oil Costs:In January 2013, crude oil price decreased from the same month last year – but increased from the previous month.  Crude oil price at the New York Mercantile Exchange averaged $94.83 per barrel in January 2013 which was $5.49 per barrel or 5.5% lower compared to the same month last year.  Crude oil price was up $6.64 per barrel or 7.5% from December 2012.  

·        Refinery Processing:

According to the most recent data available, Hawaii’s refineries imported 3.5 million barrels of foreign crude oil in November 2012, up 0.728 million barrels or 25.9% from the same month last year.  In November 2012, foreign crude oil imports decreased 0.659 million barrels or 15.7% from November 2012.

·        Gasoline Pricing:

Compared with the same month last year, in January 2013, Hawaii’s price for regular gasoline remained about the same, although the price of crude oil decreased 5.5%.  In January 2013, the national average price for regular gasoline was $3.325 per gallon, down $0.051 per gallon or 1.5% from the same month last year; but up $0.027 per gallon or 0.8% from December 2012.

In January 2013, Hawaii’s price for regular gasoline averaged $4.060 per gallon, which was $0.735 per gallon or 22.1% higher than the national average for the same month.  

Hawaii’s January 2013 price for regular gasoline decreased $0.001 per gallon from the same month last year, and increased $0.061 per gallon or 1.5% from December 2012.  In January 2013, the average regular gasoline prices within the State were as follows: Kauai, $4.471; Oahu, $4.005; Wailuku, $4.060; and Hilo, $4.064.

·        Diesel Fuel Pricing:

The January 2013 national average price for diesel was $3.909 per gallon which was an increase of 1.3% from the same month a year ago but a decrease of 1.1% from December 2012.  

In Hawaii, the average price for diesel in January 2013 was $4.892 per gallon which was $0.983 per gallon or 25.1% higher than the national average.  

Hawaii’s January 2013 average price for diesel increased $0.106 per gallon or 2.2% from the same month last year, and increased $0.013 per gallon or 0.3% from December 2012.  In January 2013, the average prices per gallon for diesel among Hawaii’s market were as follows: Kauai, $4.945; Oahu, $4.749; Wailuku, $4.849; and Hilo, $4.960.

·        Gasoline Consumption:

Hawaii’s statewide consumption for gasoline, as measured by the gasoline tax base, increased 0.9% in November 2012 from the same month a year ago.  A total of 36.3 million gallons of gasoline was consumed in November 2012.  

Highway Diesel Fuel Consumption:

Hawaii’s November 2012 consumption for highway use diesel was about 3.8 million gallons, increased 16.0% from the same month last year.  Highway use diesel in November 2012 was mainly consumed in Honolulu (57.3%), followed by Hawaii County (22.9%), Maui County (13.5%), and Kauai County (6.2%).

·        Aviation Fuel Consumption:

In November 2012, data from the Department of Taxation showed aviation fuel consumption statewide increased about 0.424 million barrels or 2.6% from the same month a year ago.  The 16.6 million gallons of aviation fuel distributed in November 2012 were shipped to the various counties as follows:  City and County of Honolulu, 50.2%; Maui County, 27.4%; Hawaii County, 12.6%; and Kauai County, 9.7%.

·        Number of Vehicles:

As of January 2013, there were 1,035,826 registered taxable gasoline passenger vehicles in the state, 7.1% increase from the same period last year and an increase of 6,935 or 0.7% from December 2012.  

There were 13,886 registered passenger hybrid vehicles, accounting for 1.3% of the total 1,060,298 registered passenger vehicles in January 2013, and representing an increase of 428 vehicles or 3.2% from December 2012.  There were 22,714 registered taxable diesel freight vehicles, 4.4% increase from the same period last year.  

In January 2013, the number of hybrid freight vehicles totaled 74 and the number of registered taxable electric passenger vehicles totaled 1,195.  The number of registered taxable electric passenger vehicles increased 532 vehicles or 80.2% from the same month last year and increased 59 vehicles or 5.2% from December 2012.

Full report at: 

http://hawaii.gov/dbedt/info/economic/data_reports/energy-trends/Energy_Trend.pdf

Comments

comments