Gas Prices in Honolulu Drop From Last Week

Gasoline prices in Honolulu have fallen 3.6 cents per gallon in the past week, averaging $3.07/g on Sunday, Jan 13, 2019, according to GasBuddy’s daily survey of 214 stations in Honolulu. This compares with the national average that has increased 0.5 cents per gallon versus last week to $2.24/g, according to GasBuddy.

Average gasoline prices on Jan. 14, in Honolulu have ranged widely over the last five years:
$3.11/g in 2018, $2.93/g in 2017, $2.50/g in 2016, $3.26/g in 2015 and $3.92/g in 2014.

Including the change locally during the past week, prices yesterday were 4.0 cents per gallon lower than a year ago and are 29.2 cents per gallon lower than a month ago. The national average has dropped 14.1 cents per gallon during the last month and stands 28.4 cents per gallon lower than a year ago.

Areas near Honolulu and their current gas price climate:
Hawai‘i – $3.48/g, down 4.1 cents per gallon from last week’s $3.53/g.
Oakland – $3.36/g, down 4.2 cents per gallon from last week’s $3.40/g.
San Francisco – $3.51/g, down 4.8 cents per gallon from last week’s $3.56/g.

“With oil prices back over $50 per barrel, it looks like gas prices in more areas may soon bottom out and start to tick higher,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While it doesn’t seem that prices will rise very far, it looks more and more like the lowest price of the year may now be behind us. The national average briefly hit $2.22 per gallon last week, but will likely move up slightly or stabilize this week. Gas prices in the Great Lakes saw a noticeable jump last week and tend to see among the earliest trend changes in the country, which may be a harbinger of what’s to come for the rest of us.”