REPORT FROM GASBUDDY.COM – HONOLULU, HAWAII – Average retail gasoline prices in Honolulu have risen 5.4 cents per gallon in the past week, averaging $4.46/g yesterday.
This compares with the national average that has increased 3.2 cents per gallon in the last week to $3.89/g, according to gasoline price website HonoluluGasPrices.com.
Including the change in gas prices in Honolulu during the past week, prices yesterday were 25.5 cents per gallon higher than the same day one year ago and are 22.6 cents per gallon higher than a month ago. The national average has increased 18.6 cents per gallon during the last month and stands 26.8 cents per gallon higher than this day one year ago.
“The national average has finally showed some signs of slowing down, and gasoline prices in dozens of areas have virtually stabilized after rising for two to three consecutive weeks,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The rally in gasoline prices started in March, we could have dubbed it March Madness, to coincide with the flurry of college basketball games, but as the tournament winds down, gasoline prices too have slowed their increase, and maybe- just maybe- gasoline prices are closer to a peak than we initially expected,” DeHaan said, noting that GasBuddy last week revised it’s gasoline price forecast slightly higher.
About HonoluluGasPrices.com: 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 20 million times to help motorists find gasoline prices in their area.