Honolulu Weekly Gas Price Update and Outlook – June 10, 2013

Average retail gasoline prices in Honolulu have not moved  in the past week, averaging $4.23/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has not moved  in the last week to $3.64/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 6.1 cents per gallon lower than the same day one year ago and are 0.9 cents per gallon lower than a month ago. The national average has increased 6.9 cents per gallon during the last month and stands 7.8 cents per gallon higher than this day one year ago.

“While the national average has seen little change in the last week, prices in the Great Lakes have skyrocketed. In many cities in that region, new all time record high prices have been set,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “In areas that have featured skyrocketing gasoline prices amidst stable oil prices, refineries continue to be beset with shutdowns, maintenance, and other problems that have hampered production of gasoline and other products, leading to much higher prices. While these situations are difficult for motorists to digest, relief is on the way and will likely arrive in a few weeks,” 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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