Maui Gas Prices Drop for 5th Week Straight

Maui gas prices according to AAA Hawaiʻi. Maui Now graphic.

Maui gas prices have fallen for the 5th consecutive week with Kahului’s and Wailuku’s average gas price at $3.93.

The statewide average price is $3.56 a gallon, which is five cents lower than last Thursday, 32 cents lower than a month ago and 27 cents more than a year ago, according to GasPrices.AAA.com.

In Kahului, the average price is $3.93, which is five cents lower than last Thursday, 24 cents lower than on this date last month and 17 cents higher than on this date a year ago.

Wailuku’s average is $3.93, which is a nickel lower than last Thursday, 24 cents lower than on this date a month ago and 17 cents higher than on this date a year ago.

The Hilo average price is $3.58, which is down three cents from last Thursday, 35 cents less than on this date last month and 30 cents higher than on this date a year ago.

Lihue’s average price for regular is $3.74, which is five cents lower than last Thursday, 30 cents lower than on this date last month and 21 cents more than a year ago.

In Honolulu, today’s average price for regular is $3.42, which is five cents lower than last Thursday, 33 cents lower than on this date a month ago and 30 cents higher than on this date last year.

“While gas prices are declining locally and nationwide, crude inventories around the country fell by 1.2 million barrels, according to Energy Information Administration data,” said Liane Sumida, AAA Hawaiʻi general manager. “Gasoline stocks are now approximately 1 million barrels lower than where they were at the same time last year. The decline comes after 10 weeks of inventory growth that helped push crude prices down. However, with inventories now falling, crude prices could increase. If all this comes to pass, then motorists may see pump prices increase during the first quarter of 2019.”