REPORT FROM HONOLULUGASPRICES.COM – Average retail gasoline prices in Honolulu have fallen 4.1 cents per gallon in the past week, averaging $3.96/g yesterday. This compares with the national average that has not moved in the last week to $3.43/g, according to gasoline price website HonoluluGasPrices.com.
Including the change in gas prices in Honolulu during the past week, prices yesterday were 0.3 cents per gallon lower than the same day one year ago and are 29.9 cents per gallon lower than a month ago. The national average has decreased 14.1 cents per gallon during the last month and stands 11.0 cents per gallon higher than this day one year ago.
“While Thanksgiving 2012 is now behind us, the stigma of record high gasoline prices is not,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Thanksgiving Day 2012 featured the highest ever daily average for the holiday, beating out 2011 by over 10-cents per gallon. The national average may continue to moderate slightly by Christmas, but I’m not expecting significant decreases or increases in the national average in the short term at this point. There are several factors putting both upward pressure and downward pressure on oil and gasoline, and I expect some fluctuation in prices, but overall, there will likely not be much change between today and Christmas,” 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. In Honolulu, GasBuddy tracks price changes at 214 retail outlets.