Honolulu Weekly Gas Price Update and Outlook – Nov. 24, 2014

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gas pumpHONOLULU- Average retail gasoline prices in Honolulu have not moved  in the past week, averaging $3.82/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has fallen 4.9 cents per gallon in the last week to $2.82/g, according to gasoline price website GasBuddy.com

Including the change in gas prices in Honolulu during the past week, prices yesterday were 5.0 cents per gallon lower than the same day one year ago and are 14.5 cents per gallon lower than a month ago. The national average has decreased 24.9 cents per gallon during the last month and stands 41.4 cents per gallon lower than this day one year ago. 

“As we begin Thanksgiving week, Americans are gearing up to hit the road, and when they do, they’ll be spending far less on their fuel bill than a year ago,” said Patrick DeHaan, senior petroleum analyst with GasBuddy.

 “For nearly a third of our users we’ve heard that they will be driving over 500 miles round trip to their Thanksgiving destinations, so savings versus last year will be substantial. For those motorists, and others who cross state lines this Thanksgiving, we want to remind them that gasoline taxes vary significantly from state to state. For example- crossing the IL/MO state line yields almost a 30c/gal savings. Timing fill ups before crossing state lines or after can yield easy savings, and that’s why using the free GasBuddy smartphone app for your travels is a no-brainer. Either way, nationally, prices are likely nearing a bottom, so in addition to everything else, motorists should be thankful for the decline in gas prices,” he noted.

GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.comdeveloped as an initiative to provide consumers access to local, current gas prices. Through theGasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.