The December 2010 Monthly Energy Trend Data are just released by the Department of Business, Economic Development and Tourism.
Following are highlights:
1. Crude oil price at the New York Mercantile Exchange averaged $89.23 per barrel in December 2010 which was 19.6% higher compared to the same month last year. Crude oil price increased $4.92 or 5.83% from November 2010. Year-to-date through December the future price of crude oil was 28.7% higher than the same period a year ago.
2. Hawaii’s year-to-date (January to October) 2010 total import of foreign crude oil was down 1.9% compared to the same period a year ago. The only petroleum product imported from foreign sources in October 2010 was jet fuel kerosene with 297,000 barrels imported. Year-to-date through October, foreign imports of jet fuel kerosene totaled 3,279,000 barrels or 125.2% higher than the same period a year ago.
3. In December 2010, the national average price for regular gasoline was $2.991 per gallon, which represented an 14.6% increase from the same month a year ago. Hawaii’s December 2010 price for regular gasoline averaged $3.594, which was about $0.603 or 20.2% higher than the national average for the same month. Hawaii’s December 2010 price for regular gasoline increased $0.075 or 2.14% from November 2010. Among the prices of regular gasoline for Honolulu, Wailuku, and Hilo, as reported by the American Automobile Association, Wailuku had the highest price at $3.967 which was an increase of $0.045 or 1.16% from the previous month (November 2010). The price of regular gasoline for Honolulu was $3.465 and Hilo was $3.588 in December.
4. In December 2010, the national average price for diesel was $3.257 per gallon, which was an increase of 16.3% from the same month a year ago. In Hawaii, the average price for diesel in December 2010 was $4.087 which was $0.830 or 25.5% higher than the national average. In December 2010, Wailuku had the highest average price of diesel, at $4.311, among Hawaii’s market, which represented a decrease of $0.039 or 0.9% from the previous month.
5. Hawaii’s statewide demand for gasoline, as measured by gasoline tax base, increased 8.3% in October 2010 from the same month a year ago. Overall, Hawaii’s year-to-date (January to October 2010) demand for gasoline showed a 7.1% decrease from the same period last year.
6. Hawaii’s current year-to-date (through October) demand for diesel, highway use, as measured by the diesel oil tax base, was 41.3 million gallons or an increase of 10.1% compared to the same period a year ago. Hawaii’s year-to-date demand for diesel, non-highway use, totaled 105.5 million gallons or a decrease of 28.9% from the same period last year.
7. As of December 2010, there were 904,385 registered taxable gasoline passenger vehicles in the state, 0.8% decrease from the same period last year (December 2009). There were 21,455 registered taxable diesel freight vehicles, 0.7%% decrease from the same period last year. There were 159 registered taxable electric passenger vehicles or an 8.6% decrease from December 2009.
8. Kauai Island Utility Cooperative’s (KIUC) net generation from January to November 2010 totaled 400.3 GWh or a 0.2% decrease from the same period last year. Electricity generated by steam decreased 44.4% compared to the same period a year ago. Electricity generated by diesel increased 1.9%, while electricity generated by hydro was down 0.4% when compared to the same period last year. The year-to-date hydro electricity generated by KIUC represented 1.9% of the net electricity generated. During the period of January to November 2010, KIUC purchased 25.3 GWh from independent power producers, down 11.1% when compared to the same period in 2009. The year-to-date electricity purchased by the utilities represented 6.1% of the electricity sent to the system.
9. The average cost per barrel of diesel oil consumed in November 2010 was $98.97 or up 19.8% from the average price in November 2009. Overall, year-to-date consumption of diesel oil totaled 659,934 barrels or down 1.3% from the same period last year. The year–to-date average cost per barrel of diesel oil was $94.49 or an increase of 36.4% from the same period last year.
10. KIUC’s total electricity sales in November 2010 increased 1.1% from the previous month. Year-to-date, total electricity sales for Kauai was 399.3 GWh or a 0.2% decrease compared to the same period last year. Electricity sale to the residential sector was down 1.6% and sale to the commercial sector was up 0.6% compared to the same period (January to November) a year ago.
11. KIUC’s total net revenue in November 2010 increased 7.2% from October 2010. KIUC’s year-to-date (January through November) total net revenue was $141.3 million, an increase of 20.0% in comparison to the same period a year ago. Net revenue received from the residential sector sales totaled $53.2 million or up 20.1%, and from the commercial sector sales was $86.9 million or up 19.9% from the same period last year.
12. The energy cost adjustment factor for electricity effective December 1, 2010 for each of the island was as follows: Kauai (0.02225 $/kWh); Oahu (0.04743 $/kWh); Maui (0.14860 $/kWh); Lanai (0.17336 $/kWh); Molokai (0.16768 $/kWh); and Hawaii (0.13514 $/kWh).
To see or download the data, you can go to the following link