Hawai'i Gas Prices Rise 6.5 Cents Per Gallon

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Monday's statewide average price for a gallon of unleaded regular gasoline reached $2.51.

Including the change in gas prices in Honolulu during the past week, prices on April 14 were 51.9 cents per gallon higher than the same day one year ago and are 9.5 cents per gallon higher than a month ago.

Michigan's lowest average price was about $2.69 per gallon in the Marquette area. But that's 26 cents higher than previous year and would be the highest average summer price in the USA since 2014.

The price of gas has been increasing since February.

That means, "the reasons gas prices rise will shrink", DeHaan said. It could be boiled down to one word: Syria. The price is the highest the nation has seen in almost three years.

For perspective, crude oil was hovering around $48 a barrel back in September 2015. With Baker Hughes, Inc. reporting that the US added seven oil rigs last week - bringing the total to 815.

The tension in the Middle East and fears of USA sanctions against Syria's sponsors - Russian Federation and Iran - have prompted a tightening of global crude oil supplies.

If gas prices follow their typical trajectory, they may rise slightly in the next month or so but should start falling after that, DeHaan said.

Even under ideal circumstances, Golden State gas prices were primed to rise.

DeHaan said refinery maintenance has gone well so far, gasoline supply has continued to increase and the transition to summer gasoline supplies is nearly finished. And California's relatively healthy economy has prompted Golden State residents to hit the road well before the traditional summer driving season.

New York City had a 5 cent increase in gases prices this week, with the average gas price coming in at $2.89 per gallon. That was a byproduct of Senate Bill 1 signed into law earlier in 2017 by Gov.

Get ready to pay more to fill up your tank. "With the national average gas price now at its highest since July 26, 2015, I can't immediately allay all fears of a continued spike in gas prices, however, we're likely in the closing innings of the seasonal rise- let's just hope we don't go to extra innings".

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