HONOLULU – Average retail gasoline prices in Honolulu have fallen 0.6 cents per gallon in the past week, averaging $4.32/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 $3.62/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Honolulu during the past week, prices yesterday were 6.6 cents per gallon higher than the same day one year ago and are 4.6 cents per gallon higher than a month ago. The national average has not moved during the last month and stands 5.0 cents per gallon lower than this day one year ago.
“The drop that we had observed in the national average weeks ago took a pause over the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices have perked back up, and some supply tightness across areas of the country helped propel wholesale gasoline prices higher last week, leading retail prices to hold steady instead of continuing to decline. The temporary stability in the national average will ebb over the next week or two, and gas prices will head down again as we approach Memorial Day,” 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.