Honolulu Weekly Gas Price Update and Outlook – April 7, 2014

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HONOLULU- Average retail gasoline prices in Honolulu have risen 3.9 cents per gallon in the past week, averaging $4.21/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has increased 1.3 cents per gallon in the last week to $3.55/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 9.2 cents per gallon lower than the same day one year ago and are 17.6 cents per gallon higher than a month ago. The national average has increased 7.4 cents per gallon during the last month and stands 3.1 cents per gallon lower than this day one year ago.

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“Gasoline prices have seen an ever so slight increase in the last week across a good portion of the nation, which is certainly good news for spring break travelers,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “For those who may be headed to California, they may be greeted with rising prices to the tune of 10-20 cents per gallon over the next two weeks. For much of the rest of the country, including Florida destinations, prices shouldn’t be holding many back from hitting the road. This spring has seen very little volatility so far, and if it remains that way, I may have to revise downward my forecast for gas prices for the rest of April and May, which my wallet would certainly love,” 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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