REPORT FROM HONOLULUGASPRICES.COM – Average retail gasoline prices in Honolulu have fallen 3.9 cents per gallon in the past week, averaging $4.09/g yesterday. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.49/g, according to gasoline price website HonoluluGasPrices.com.
Including the change in gas prices in Honolulu during the past week, prices yesterday were 12.0 cents per gallon higher than the same day one year ago and are 7.7 cents per gallon lower than a month ago. The national average has increased 2.4 cents per gallon during the last month and stands 20.1 cents per gallon lower than this day one year ago.
“Gasoline prices continue to rise across much of the nation, which is precisely what we had forecast earlier this year, so it does not come as much of a shock,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Either way, I don’t expect the national average to break out of its mid-$3/gal rut until mid-to-late September, then we may get some action to the downside,” DeHaan said.
GasBuddy operates HonoluluGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.