Honolulu Weekly Gas Price Update and Outlook – April 22, 2013

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Average retail gasoline prices in Honolulu have fallen 3.2 cents per gallon in the past week, averaging $4.27/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has fallen 1.6 cents per gallon in the last week to $3.50/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 19.0 cents per gallon lower than the same day one year ago and are 1.4 cents per gallon lower than a month ago. The national average has decreased 14.5 cents per gallon during the last month and stands 34.7 cents per gallon lower than this day one year ago.

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“The slow trend downward in the nationl average has survived another week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “While unprecedented, the decline in the national average certainly has delighted motorists who are used to large spikes in gasoline prices that come with the territory of springtime. With Memorial Day just five weeks away, there’s good news for motorists: prices will likely continue to lag behind year ago levels,” 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 25 million times to help motorists find the lowest gasoline prices in their area.

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