HONOLULU – Average retail gasoline prices in Honolulu have fallen 1.7 cents per gallon in the past week, averaging $4.17/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has fallen 4.5 cents per gallon in the last week to $3.49/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 18.3 cents per gallon lower than the same day one year ago and are 5.6 cents per gallon lower than a month ago.

The national average has decreased 7.3 cents per gallon during the last month and stands 32.1 cents per gallon lower than this day one year ago. “Gasoline prices continue to move lower nationally as we’ve now officially moved into fall,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“Looking forward, we’re likely to see additional relief at pumps in the months ahead, and it’s quite possible that by the time we’re observing Thanksgiving that gasoline prices will be twenty or more cents per gallon lower. Californian motorists will see among the larger decreases in the week ahead as refinery issues have become barely visible in the rear view, which has led to a dramatic downward shift in wholesale gasoline prices,” 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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