Gas tops $2 in 30 states; new highs for Honolulu, Wailuku
Gas tops $2 in 30 states; new highs for Honolulu, Wailuku
- 2004-05-21 - Pacific Business News (Honolulu)
When you top your tank, you eventually run out of room, but there is no sign yet of a top to the retail gasoline market, with new highs in Hawaii and more than half the states above $2 a gallon for the first time ever.
AAA retail price averages for self-serve regular in three Hawaii locales:
Hilo: $2.31 5/10.
Honolulu: $2.20 5/10.
Wailuku: $2.59 9/10.
Outside of these areas, prices can be higher still. Many stations on the Kona side of the Big Island are charging $2.54 and more.
On Molokai, which has only two stations, Kalamas was charging $2.62 a gallon and Rawlins was charging $2.66 a gallon according to Molokai residents.
In Hana, at the end of Maui's longest scenic road, expect to pay more like $3 a gallon for regular.
Transportation costs are higher for gasoline sold on Molokai, Kauai and Lanai, and for gasoline that is trucked farther from barge ports on neighbor islands. Property values for the land beneath gas stations can also have an effect.
But neither these factors nor taxes cover more than a fraction of the increase in price since this time last year. Pricing formulas in the oil industry are based on percentages rather than dollar amounts, which means that profit margins in dollar terms grow as crude oil prices do.
Statewide averages from AAA Friday:
1. California: $2.34 7 /10.
2. Oregon: $2.30 4/10.
3. Hawaii: $2.29 3 /10.
4. Nevada: $2.28.
5. Washington state: $2.28.
6. Arizona: $2.14 9/10.
7. New York: $2.14 3/10.
8. Wisconsin: $2.10 3/10.
9. Connecticut: $2.09 8/10.
10. Rhode Island: $2.09 1/10.
11. Illinois: $2.08 9/10.
12. Michigan: $2.07 7/10.
13. Alaska: $2.07 3/10.
14. Idaho: $2.07 1 /0.
15. Maine: $2.04 4/10.
16. North Dakota: $2.04 3/10.
17. Massachusetts: $2.03 9/10.
18. Delaware: $2.02 7/10.
19. Montana: $2.02 7/10.
20. Nebraska: $2.02 6/10.
21. Utah: $2.02 2/10.
22. Pennsylvania: $2.01 9/10.
23. Indiana: $2.01 7/10.
24. Minnesota: $2 7/10.
25. Colorado: $2 6/10.
26. Maryland: $2 6/10.
27. Florida: $2 5/10.
28. West Virginia: $2 5/10.
29. South Dakota: $2 3/10.
30. Ohio: $2
- 2004-05-21 - Pacific Business News (Honolulu)
When you top your tank, you eventually run out of room, but there is no sign yet of a top to the retail gasoline market, with new highs in Hawaii and more than half the states above $2 a gallon for the first time ever.
AAA retail price averages for self-serve regular in three Hawaii locales:
Hilo: $2.31 5/10.
Honolulu: $2.20 5/10.
Wailuku: $2.59 9/10.
Outside of these areas, prices can be higher still. Many stations on the Kona side of the Big Island are charging $2.54 and more.
On Molokai, which has only two stations, Kalamas was charging $2.62 a gallon and Rawlins was charging $2.66 a gallon according to Molokai residents.
In Hana, at the end of Maui's longest scenic road, expect to pay more like $3 a gallon for regular.
Transportation costs are higher for gasoline sold on Molokai, Kauai and Lanai, and for gasoline that is trucked farther from barge ports on neighbor islands. Property values for the land beneath gas stations can also have an effect.
But neither these factors nor taxes cover more than a fraction of the increase in price since this time last year. Pricing formulas in the oil industry are based on percentages rather than dollar amounts, which means that profit margins in dollar terms grow as crude oil prices do.
Statewide averages from AAA Friday:
1. California: $2.34 7 /10.
2. Oregon: $2.30 4/10.
3. Hawaii: $2.29 3 /10.
4. Nevada: $2.28.
5. Washington state: $2.28.
6. Arizona: $2.14 9/10.
7. New York: $2.14 3/10.
8. Wisconsin: $2.10 3/10.
9. Connecticut: $2.09 8/10.
10. Rhode Island: $2.09 1/10.
11. Illinois: $2.08 9/10.
12. Michigan: $2.07 7/10.
13. Alaska: $2.07 3/10.
14. Idaho: $2.07 1 /0.
15. Maine: $2.04 4/10.
16. North Dakota: $2.04 3/10.
17. Massachusetts: $2.03 9/10.
18. Delaware: $2.02 7/10.
19. Montana: $2.02 7/10.
20. Nebraska: $2.02 6/10.
21. Utah: $2.02 2/10.
22. Pennsylvania: $2.01 9/10.
23. Indiana: $2.01 7/10.
24. Minnesota: $2 7/10.
25. Colorado: $2 6/10.
26. Maryland: $2 6/10.
27. Florida: $2 5/10.
28. West Virginia: $2 5/10.
29. South Dakota: $2 3/10.
30. Ohio: $2
posted by DP at 3:59 PM
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