Hawaii gas prices stabilize - Hawaii News Now - KGMB and KHNL

Hawaii gas prices stabilize

HONOLULU (HawaiiNewsNow) -

Although gas prices stabilized in some regions throughout the islands last week, the statewide average for regular inched up a penny compared to last week, landing at $4.61 a gallon, according to the AAA Hawaii Weekend Gas Watch. This is seven cents more than a month ago and eight cents more than a year ago.

Honolulu's average price has remained the same during the past three weeks at $4.47 a gallon – just a penny short of the city's record high price of $4.48 set in 2008. Thursday's price is six cents more than a month ago and four cents higher than this time last year. 

 In Hilo, the average gas price is $4.74 a gallon, one cent less than last week, four cents more than last month and 19 cents higher than this time last year. 

  Wailuku's average is $4.88 a gallon, unchanged from last week, 20 cents more than last month and two cents lower than last year.

 Hawaii continues as the state with the highest priced gasoline in the nation.  Alaska is second with an average price of $4.35. California is third with an average price of $4.17 a gallon.

 "Much of the story for 2012 has been increasing gas prices at the pump; even as demand for gasoline has decreased versus the same period in 2011," according to AAA Hawaii Regional Manager Diane Peterson. "Now, we're seeing prices take a breather for the past couple of weeks, to the benefit of motorists." 

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