Honolulu Weekly Gas Price Update and Outlook – March 18, 2013

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Average retail gasoline prices in Honolulu have not moved  in the past week, averaging $4.30/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has fallen 1.9 cents per gallon in the last week to $3.65/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 5.9 cents per gallon lower than the same day one year ago and are 8.9 cents per gallon higher than a month ago. The national average has decreased 4.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

“The national average has seemingly found some relative stability in the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “And while the national average hasn’t seen much movement, some areas of the country have seen volatility continue, mainly in the Great Lakes states where prices may again be poised to rise in the next couple of days as wholesale prices reverberate as refineries continue their maintenance schedules and the progressive switch over to summer gasoline continues,” 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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