Hawaiʻi Gas Prices Continue To Fall, Wailuku at $4.05

Wailuku gas prices. Graphic by Wendy Osher.

By Wendy Osher

Gas prices in Hawaiʻi continue to fall with the average price of a gallon of regular gas listed at $3.75, down eight cents from last week, 22 cents from last month, and 15 cents from the same time last year, according to the AAA Hawaiʻi Weekend Gas Watch.

The agency’s metro area report for Wailuku showed the price of a gallon of regular gas at $4.05 today, down six cents from last week, 20 cents from last month, 12 cents from last year, and down 93 cents from the high of $4.98 reported on May 9, 2011.

Company officials attributed the drop to an oil glut, or excessive supply of oil, which has resulted in reduced prices across the country.

In a press release statement, AAA Hawaiʻi General Manager Liane Sumida said, “State average prices around the country continue to push down with Alaska at $3.42 a gallon, California at $2.93, Delaware at $2.69 and Nevada at $2.81. Many states show averages in the $2.40-$2.75 a gallon range,” she said.  “Many motorists may pocket the savings or be able to spend more on gifts and outings during the holidays.”

According to the AAA Daily Fuel Gauge report, the price for a gallon of regular gas in Honolulu today was at $3.64 (down 13 cents from last week), and the price in Hilo was at $3.68 (down 7 cents from last week).

Company officials say the prices provided are considered a “weekly snapshot” and prices are derived from fleet vehicle credit card transactions at select stations around the country. Prices shown are combined averages of the last card swipe from the previous day.