Business

Gasoline Prices Expected To Keep Falling

September 30, 2013, 12:39 PM HST
* Updated September 30, 12:45 PM
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Gasoline prices are falling in Hawaii and nationally and are expected to continue heading downward.

The average price per gallon of regular gas in Hawaii fell 9 cents in September from $4.30 on Aug. 30 to $4.21 today which is still the nation’s highest, reported the online price tracking site GasBuddy.com.

Prices were higher on the Big Island. AAA reported the lowest price per gallon of regular in Hilo today at $4.24, and $4.48 in Kona. The lowest price found in Honolulu was $4.13.

Nationally the average price per gallon of regular dropped 19 cents in September to $3.52, the lowest monthly average in three years and $0.31 below the price in September 2012, according to AAA.

AAA today forecast a continuing decline in the average consumer price of gasoline nationwide.

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“Gas prices could drop another 25-30 cents per gallon to the cheapest averages of the year barring significant refinery problems or higher oil costs,” said Avery Ash, AAA spokesman.

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Abundant supply, low oil costs and a nationwide drop in consumer demand for gasoline should continue to drive down prices, Ash said.

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