Hawaii drivers have now seen new record prices for two months in a row, although there are signs that prices should reverse course, according to the AAA Hawaii Weekend Gas Watch. The average regular unleaded gas price for Hawaii is $5.56, which is one cent more than last week and a new record for the state. The average national price is $4.94, which is down seven cents from a week ago.
All Hawaii metro areas set new price records in the past week, although some areas have backed down from those records. In Honolulu, today’s average price for regular unleaded is $5.45, which is two cents higher than last week, 18 cents higher than a month ago, and $1.53 higher than the price on this date last year. The Hilo average gas price is $5.59, which is the same as last week, 16 cents higher than last month, and $1.54 higher than on this date a year ago.
In Kahului, the average price of $5.75 is four cents higher than last week, 26 cents higher than last month and $1.80 higher than a year ago. Lihue’s average price for regular is $5.86, which is one cent below last week, 14 cents higher than last month, and $1.67 higher than a year ago.
“Gas prices have been declining throughout the rest of the country in response to oil and wholesale gasoline pricing and futures trading decreases related to concerns about the economy, according to Oil Price Information Service,” said Liane Sumida, AAA Hawaii general manager. “We would expect Hawaii prices to reverse course if this trend continues.”
AAA Hawaii reminds drivers they can save money on gasoline by shopping around virtually using a tool like the AAA Mobile app, which shows users the cheapest gas prices near them. AAA members can also take advantage of discounted gas prices at participating Shell gas stations by joining the Shell Fuel Rewards® program.
Prices as of 6 a.m., June 23: