Honolulu Weekly Gas Price Update and Outlook – March 2, 2010

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HONOLULU, HAWAII – Average retail gasoline prices in Honolulu have risen 3.7 cents per gallon in the past week, averaging $3.35/g today. This compares with the national average that has increased 3.4 cents per gallon in the last week to $2.70/g, according to gasoline price website http://www.HonoluluGasPrices.com

Including the change in gas prices in Honolulu during the past week, prices today are 96.9 cents per gallon higher than the same day one year ago and are 3.1 cents per gallon higher than a month ago. The national average has increased 3.9 cents per gallon during the last month and stands 78.6 cents per gallon higher than this day a year ago.

“Average gasoline prices have increased nearly ten cents over the last week for much of the United States. With warmer weather approaching, prices will climb even further”, said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.

“A major reason for the rise is that refiners will soon begin maintenance to prepare for the summer driving season, cutting into supply. Some areas of the country are already moving towards more expensive, cleaner burning summer fuels, boosting prices at the pump,” he adds.

‘GasBuddy.com operates over 200 live gasoline price-tracking websites, including HonoluluGasPrices.com. GasBuddy.com was named one of Time magazine’s 50 best websites and to PC World’s 100 most useful websites of 2008.’

‘Patrick DeHaan is the Senior Petroleum Analyst for GasBuddy.com. Reach him at mailto:pdehaan@gasbuddy.com’

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