Getting a handle on gas prices - Hawaii News Now - KGMB and KHNL

Getting a handle on gas prices

Barney Robinson Barney Robinson
Dony Sato Dony Sato

By Jim Mendoza - bio | email 

HONOLULU (HawaiiNewsNow) - Fuel experts call it a rough formula that's held up historically. "Every ten dollars that the price of crude goes up, that relates to about 25 cents a gallon at the pump," Waialae Chevron owner Barney Robinson said.

The oil price has hit $110 a barrel. The latest AAA survey puts Hawaii's average for regular gasoline at $4.34 a gallon -- 23 cents more than Alaska and California.

The U.S. Transportation secretary said across the nation pain at the pump grows by the day.

"The bottom line is that gasoline prices are up. They're too high and they're really impinging on people's family budgets," Ray LaHood told Hawaii News Now.

"There is no alternative," Wahiawa resident Dony Sato. "If you don't fill up your car you can't get around. There really is nothing you can do."

President Barack Obama's plan for a secure energy future calls for more offshore drilling to reduce America's dependence on foreign oil.

But Robinson said that won't cut the cost right away.

"It's going to take a while for the infrastructure to get in place -- all the drill rigs, the pipeline, the transportation. it's not something that's going to happen overnight," he said.

Governor Neil Abercrombie said Hawaii drivers are victims of global pricing forces.

"It's in our direct interest, regardless of what the price may be on any given week, month or day, to move towards alternative fuels," he said.

As for how high gas prices will go, even the transportation secretary can't say.

"I can't speculate on the price of a gallon of gasoline. I'd be guessing at that. They're too high now," LaHood said.

"It's pretty disheartening," Sato said.

Disheartening and expensive.

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