REPORT FROM GASBUDDY.COM – Average retail gasoline prices in Honolulu have risen 3.7 cents per gallon in the past week, averaging $4.08/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has increased 2.6 cents per gallon in the last week to $3.50/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Honolulu during the past week, prices yesterday were 21.9 cents per gallon lower than the same day one year ago and are 15.2 cents per gallon higher than a month ago. The national average has increased 15.5 cents per gallon during the last month and stands 15.1 cents per gallon lower than this day one year ago.
“The national average has unsurprisingly continued it’s march higher, and for the sixth consecutive week, motorists have faced rising gasoline prices,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “While the rate that gasoline prices may slow nationally this week, I don’t yet believe we’ve seen the peak in prices. Refineries are in the middle of one of their two major yearly maintenance seasons, which means as refineries wrap up their work in April, we could see restarting issues, which could bring the spikes in gasoline prices we’re nearly accustom to seeing every spring,” 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.