Honolulu gas falls below $3 a gallon

Honolulu gas falls below $3 a gallon

HONOLULU (HawaiiNewsNow) - For the first time in years, the average price of Honolulu regular gas is below $3 a gallon, reflecting crude oil selling for half the price it commanded last summer.

AAA, which electronically harvests the last credit card transaction figures of the evening at thousands of gas stations across the country, put Honolulu regular at $2.97 Friday morning.

That was down 3 cents a gallon from Thursday, and 50 cents less than the price a month ago. The decline has been roughly twice as great as the drop on Hawaii's other islands, where lack of competition supports higher prices.

According to HawaiiGasBuddy and individual reports from Hawaii News Now viewers, at least four Tesoro stations on Oahu are selling regular below $2.80 a gallon.

The other AAA average prices Frtiday morning were $3.12 in Hilo, on the Big Island and $3.42 in Wailuku, on Maui, while GasBuddy reported some Kauai station selling regular for more than $3.60 a gallon. Prices are higher still on Molokai and Lanai.

Hawaii has the highest per gallon gas prices in the United States, though total gas bills are not the highest due to shorter average driving distances than almost all other states.

Gasoline in Hawaii is produced at one of two refineries, both on West Oahu, with major sellers like Costco occasionally buying a tanker full of gasoline that has been refined somewhere else.

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