Gas Prices still high for Hawaii’s Kamaaiana’s, as Crude Oil fails to lowest since May 2009

Posted on December 15, 2014

0


U.S. crude oil was at another record low of $55.91 per barrel, the lowest settlement since May 2009. Yet Pearl City Hawaii consumers and other Kamaaina’s across the State of Hawaii continued to be gouged by higher gas prices at the pumps.

Many local Kamaaiana (consumers) in and around the Pearl City area and other parts of Honolulu, Hawaii, were shocked to see the price of Gasoline at $3.63 a gallon for regular, even though the price of crude oil is the lowest since May 2009, crude oil was at another record low of $55.91 per barrel today.

Concerns of unfair or excessively high gas prices more accurately reflected what we seen at Hawaii gas pumps. We found a very different story than what the Honolulu Star Advertiser and other media stories were making claims of. That the price of gas at Hawaii’s pump is below $3.00, not true at the stations we visited. Driving around the leeward area we found a price difference of more than .60 cents at most gas stations we stop at just in the Pearl City Area, and some consumers are worried that this has turned into a form of Price gouging.

With the newspaper stating gas was sold at below $3.00, the story stated these gas prices were from Costco. And Usually the big wholesalers like Costco and Sam’s Club are usually not more than .20 cents less than the smaller retail gas stations. But what we found is definitely a higher rate gap more than .60 cents for a gallon of gas for those who had to fill up along the highway at the retail gas stations. Unfortunately Hawaii has always had some of the highest gas prices in the nation, and today shows that there is no trickle down effect for Hawaii’s Kamaaiana’s at the pump as the price of a barrel of crude oil continues to fall.

Article by Tina Quizon

Higher Gas prices still reflected at the pump. Many are concerned that this is a form of price gouging

With the price of crude oil at the lowest since May 2009 why isn’t there a trickle down effect at the pumps we visited in Pearl City Hawaii. The price for regular gas was still at $3.63 a gallon. Many are concerned that this is a form of price gouging, since major wholesalers and the Honolulu Star Advertiser story claims gas prices have dropped below $3.00.

Read more at the link from the AP/Honolulu Star Advertiser story “Oahu gas under $3 a gallon but isles still pay most in U.S.”
POSTED: 01:30 a.m. HST, Dec 15, 2014
LAST UPDATED: 02:36 a.m. HST, Dec 15, 2014

http://www.staradvertiser.com/news/20141215__Oahu_gas_under_3_a_gallon_but_isles_still_pay_most_in_US.html?id=285796831

And the CNBC Story “US oil settles at $55.91 per barrel, lowest since May 2009”

http://www.cnbc.com/id/102267376#.

The Alaska Dispatch News, Headline – “Gas at $2 a gallon: States revel in low gas prices”
“Some Monday morning commuters found a welcome surprise on their way to work — gas prices that had slipped below $2.00 per gallon.

Prices in 22 states now average below $2.50. Only Alaska and Hawaii have average prices above $3.00 per gallon, according to GasBuddy.com, which tracks gas prices. The website’s blog says that 13 states have at least one station selling gas for $1.99 or less.”

http://www.adn.com/article/20141215/gas-2-gallon-states-revel-low-gas-prices

Advertisements