Hilo Fuel Prices Drop Slightly
Hilo saw a slight downward fluctuation in gas prices over the past week. Regular fuel is down by three cents in average from what it was last week. This breaks a recent upward trend in gas costs observed over the past month.
The average cost of regular fuel in Hilo on Monday was $3.30. Mid-grade gas also dropped in price by three cents and was an average of $3.39. Premium fuel has remained steady at $3.50 since last week, but has dropped three cents from what it was a month ago.
Analysis of AAA’s Fuel Gauge Report shows a decrease of two cents for regular fuel in the past day alone, while mid-grade dropped by two cents since Sunday. Premium gas has not fluctuated since dropping by three cents last week.
One month ago, regular fuel in Hilo cost $3.25, five cents less than the current average, but it closed the gap in last week’s price difference of 10 cents. In addition, mid-grade and premium gas have both increased by one cent, compared to their averages of $3.38 and $3.49 a month ago, respectively.
This week’s trend shift in gas prices still leaves fuel prices lower higher a year ago. AAA reports that in 2014, during the same time period, regular fuel cost $4.15, while mid-grade was at an average of $4.18 and premium fuel cost $4.34.
Regular fuel prices in Kailua-Kona were an average of $3.53 on Monday, while mid-grade and premium gas prices were $3.66 and $3.72, respectively. The averages are based on Big Island Now calculations of Gas Buddy data.
In Honolulu, the average gas price is one cent less than in Hilo and nearly 45 cents less than prices in Kona. Oahu residents are seeing an average of $3.29 for regular fuel.
Diesel prices in Hilo are an average of $4.23, a drop of three cents since last week, while Honolulu diesel buyers are paying an average of $4.50, a penny difference from averages last week.