Honolulu Weekly Gas Price Update and Outlook – May 13, 2013

By GasBuddy – Average retail gasoline prices in Honolulu have risen 0.7 cents per gallon in the past week, averaging $4.24/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has increased 6.2 cents per gallon in the last week to $3.57/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 14.8 cents per gallon lower than the same day one year ago and are 4.4 cents per gallon lower than a month ago. The national average has increased 5.0 cents per gallon during the last month and stands 15.4 cents per gallon lower than this day one year ago.

“The national average has perked up again in the last seven days across the nation,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Many motorists remain skeptical of the so called reasons that we blame higher prices on: refinery production and maintenance, tightening supply, and the now completed switch over to EPA mandated cleaner summer gasoline. Tight gasoline supply exists especially along the West Coast, and other factors are coming into play in some of the bigger metro areas where more expensive reformulated gasoline has hit pumps,” 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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