Honolulu Weekly Gas Price Update and Outlook – March 11, 2013

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Average retail gasoline prices in Honolulu have risen 0.9 cents per gallon 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 3.2 cents per gallon in the last week to $3.66/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 1.2 cents per gallon lower than the same day one year ago and are 13.6 cents per gallon higher than a month ago. The national average has increased 10.2 cents per gallon during the last month and stands 8.8 cents per gallon lower than this day one year ago.

“Relief at the pump has continued for motorists in a majority of the United States during the last week,” said GasBuddy.comSenior Petroleum Analyst Patrick DeHaan. “I would caution motorists, however, not to sound the all clear. Refineries will be continuing their switch over to cleaner burning gasoline, and there certainly is the possibility that one mishap could send prices racing higher, much to the disappointment of motorists nationwide,” 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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