To see or download the data, you can go to the following link on the DBEDT website:
Following are highlights:
1. Crude oil price at the New York Mercantile Exchange averaged $89.74 per barrel in February 2011 which was 17.4% higher compared to the same month last year. Crude oil price increased $0.16 per barrel or 0.18% from January 2011.
2. Hawaii’s year-to-date (January to December) 2010 import of foreign crude oil totaled 42.331 million barrels or up 3.3% compared to the same period a year ago. The only petroleum product imported from foreign sources in December 2010 was propane with 45,000 barrels imported. For the calendar year 2010, foreign imports of propane totaled 338,000 barrels or 170.4% higher than 2009.
3. In February 2011, the national average price for regular gasoline was $3.177 per gallon, which represented a 19.8% increase from the same month a year ago. Hawaii’s February 2011 price for regular gasoline averaged $3.746, which was about $0.569 or 17.9% higher than the national average for the same month. Hawaii’s February 2011 price for regular gasoline increased $0.052 or 1.4% from January 2011. Among the prices of regular gasoline for Honolulu, Wailuku, and Hilo, as reported by the American Automobile Association, Wailuku had the highest price at $4.015 which was a decrease of $0.02 or 0.5% from the previous month (January 2011). The price of regular gasoline for Honolulu was $3.637 and Hilo was $3.762 in February.
4. In February 2011, the national average price for diesel was $3.552 per gallon, which was an increase of 24.9% from the same month a year ago. In Hawaii, the average price for diesel in February 2011 was $4.173 which was $0.621 or 17.5% higher than the national average. In February 2011, Wailuku had the highest average price of diesel, at $4.346, among Hawaii’s market, which represented an increase of $0.57 or 1.3% from the previous month.
5. Hawaii’s statewide demand for gasoline, as measured by gasoline tax base, decreased 4.0% in December 2010 from the same month a year ago. Overall, Hawaii’s year-to-date (January to December 2010) demand for gasoline showed a 6.9% decrease from the same period last year.
6. Hawaii’s current year-to-date (through December) demand for diesel, highway use, as measured by the diesel oil tax base, was 50.2 million gallons or an increase of 7.1% compared to the same period a year ago. Hawaii’s year-to-date demand for diesel, non-highway use, totaled 126.5 million gallons or a decrease of 28.2% from the same period last year.
7. As of February 2011, there were 932,647 registered taxable gasoline passenger vehicles in the state, 2.0% increase from the same period last year (February 2010). There were 9,628 registered passenger hybrid vehicles, accounted for 1.0% of the total 950,914 registered passenger vehicles in February 2011. The number of registered passenger hybrid vehicles increased by 2,411 vehicles or 33.4% from January 2011. All the counties added more passenger hybrid vehicles between January and February 2011, with City and County of Honolulu led the increase at 1,627 vehicles or 33.0%; Maui County added 305 vehicles or 36.3%; Hawaii County added 443 vehicles or 47.9%; and Kauai County added 36 vehicles or 7.0%. There were 21,492 registered taxable diesel freight vehicles, 0.5% decrease from the same period last year. The number of hybrid freight vehicles totaled 61 in February 2011. There were 268 registered taxable electric passenger vehicles or a 51.4% increase from February 2010.
8. The electric utilities net generation from January to December 2010 totaled 6,811.9 GWh or a 1.1% increase from the same period last year. Electricity generated by steam decreased 1.9% compared to the same period a year ago. Electricity generated by diesel increased 2.2%, while electricity generated by hydro and wind was down 31.5% when compared to the same period last year. In 2010, the electric utilities purchased 4,090 GWh from independent power producers, down 1.5% when compared to 2009. The year-to-date electricity purchased by the utilities represented 38.9% of the electricity sent to the system.
9. In December 2010, total fuel oil consumed by the electric utilities was 664,715 barrels, a decrease of 1.7% from December 2009. The total cost of fuel oil consumed in December 2010 was $59.8 million dollars reflecting an increase of 19.4% from December 2009. The electric utilities paid an average of $90.03 per barrel of fuel oil in December 2010, an increase of 21.5% from December 2009. For the whole year of 2010, the electric utilities consumed 8.4 million barrels of fuel oil, a decrease of 3.0% from 2009. The total cost of fuel oil consumed was $708 million dollars reflecting an increase of 36.4% from the previous year. For 2010, the electric utilities paid $84.70 per barrel of fuel oil, an increase of 40.7% from 2009.
10. The average cost per barrel of diesel oil consumed by the electric utilities in December 2010 was $106.27 or up 18.7% from the average price in December 2009. For the whole year of 2010, consumption of diesel oil by the electric utilities totaled 2,633,789 barrels, reflecting an increase of 0.3% from 2009. The average cost per barrel of diesel oil was $98.41 in 2010, an increase of 27.4% from 2009.
11. HECO produced 2.5 GWh of electricity with 7,355 barrels of biodiesel in 2010. HECO began electricity production with biodiesel in October 2010. The total cost of the biodiesel consumed was $1.7 million dollars. In December 2010, the cost of biodiesel per KWh generated was $0.836, higher than the cost of fuel oil per KWh generated which was $0.161 and the cost of diesel oil per KWh generated which was $0.247.
12. The electric utilities’ total electricity sales in 2010 totaled 10,523.4 GWh or a decrease of 1.4% from 2009. Electricity sales to the residential sector totaled 2,989.4 GWh or down 2.2% and sales to the commercial sector totaled 6,973.2 GWh or down 0.7% compared to 2009.
13. The electric utilities’ total net revenue in December totaled $218.5 million dollars reflecting an increase of 12.0% from December 2009. For the whole year of 2010 net revenues for the electric utilities totaled $2.5 billion dollars or an increase of 17.1% from 2009. In 2010, net revenue for the residential sector total $840.1 million dollars or up 13.6%, and for the commercial sector, net revenue totaled $1.7 billion dollars or up 18.9% from 2009.
14. In December 2010, the state’s average residential retail price for electricity was 29.15 cents per kWh, an increase of 11.0% from December 2009 and a 0.8% increase from November 2010. The December 2010 average residential retail price for electricity for each of the islands was as follows: Kauai (40.39 cents/kWh), Oahu (26.08 cents/kWh), Maui (31.93 cents/kWh), Lanai (39.43 cents/kWh), Molokai (38.47 cents/kWh), and Hawaii (35.80 cents/kWh). Between November and December 2010, average residential retail price for electricity in creased on Kauai (up 6.4%, Maui (up 5.6%), Lanai (up 2.6%), and Molokai (up 1.2%), but deceased on Oahu (down 0.2%), and Hawaii (down 1.8%).
15. The energy cost adjustment factor for electricity effective February 1, 2011 for each of the island was as follows: Kauai (0.04482 $/kWh); Oahu (0.06684 $/kWh); Maui (0.03126 $/kWh); Lanai (0.05374 $/kWh); Molokai (0.01889 $/kWh); and Hawaii (0.05466 $/kWh).
Note: The Research & Economic Analysis Division issues periodic updates on economic and population data for the State of Hawaii, as well as economic reports and statistical briefs.