Retail gas prices continue to rise - Hawaii News Now - KGMB and KHNL

Retail gas prices continue to rise

HONOLULU (HawaiiNewsNow) - Gasoline prices notched increases throughout the islands again this week, due to a continued run-up in crude oil and wholesale gasoline prices, according to the AAA Hawaii Weekend Gas Watch.

The average price in Wailuku is $4 a gallon, two cents more than last week, 10 cents more than last month and 33 cents more than last year.

It is the most expensive regular unleaded gasoline in the country today among the cities surveyed in AAA's Daily Fuel Gauge Report, www.fuelgaugereport.com.

Today, the statewide average rose again to another new high level for 2010 at $3.67 a gallon - four cents more than last week.

Today's average price in Honolulu is $3.54 per gallon for regular unleaded, a new high point for the year and four cents more than last week, 16 cents more than a month ago and 34 cents higher than this time last year.

In Hilo, the average gas price is $3.65 a gallon, three cents more than last week, 12 cents more than last month and 34 cents more than this time last year.

"While many Americans spent last week preparing for the holiday weekend, both crude and gasoline prices spent the week running up new highs," said AAA Hawaii regional manager Diane Peterson. "High crude prices, buoyed by increasing global demand, have pushed retail gasoline prices higher this week nationwide and here in the islands."

 AAA Hawaii Weekend Gas Watch is a weekly snapshot of gasoline prices around the state. Week to week price comparisons are offered as a service to consumers. Prices are derived from fleet vehicle credit card transactions at more than 100,000 stations around the country, including Hawaii. Prices shown are combined averages of the last card swipe of the previous day.

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