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

HONOLULU – Average retail gasoline prices in Honolulu have fallen 1.1 cents per gallon in the past week, averaging $4.21/g yesterday, according to GasBuddy’s daily survey of 214 gas outlets in Honolulu. This compares with the national average that has fallen 2.3 cents per gallon in the last week to $3.59/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Honolulu during the past week, prices yesterday were 9.5 cents per gallon lower than the same day one year ago and are 1.9 cents per gallon lower than a month ago. The national average has not moved  during the last month and stands 22.3 cents per gallon lower than this day one year ago.

“Gas price limbo has continued for another week, with average prices across the United States virtually the same as they were a month ago,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Opening week for football certainly brought more excitement than we’ve seen at the gas pump lately, but one thing is for sure- with gas prices averaging 22-cents per gallon lower than last year, there’s a lot of extra hot dogs and beer that can be consumed instead of being redirected into the tanks of American motorists. While the situation in Syria bears further monitoring, and hurricane season remains on the radar, we’ve still seen prices continue to hold level. In fact, the cumulative yearly average for a gallon of gas stands at $3.57/gal, compared to one year ago when it was $3.62/gal, so while motorists feel this has been a bad year for gas prices, it hasn’t been as painful as 2012,” 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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