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The Honolulu Advertiser
Posted on: Friday, July 17, 2009

Hawaii gas price drops for first time in 17 weeks


Advertiser Staff

Hawaiçi’s statewide weekly gasoline price has dropped for the first time in four months, providing a bit of relief for local motorists.

AAA Hawaii’s Daily Fuel Gauge Report shows the average price for a gallon of regular dropped by 6.6 cents statewide in the week ended Thursday to $3.226.
“Pricing may finally be starting to reflect reality,” said Richard Velazquez, AAA Hawaii regional manager, noting the price decline was the first in 17 weeks.
“Nationwide and in Hawaiçi demand has been flat while supplies have been more than sufficient.”
Velazquez said it’s unknown if the drop is the beginning of a decline, but the next few days should tell.
“We’ll know if this is the beginning of a downward trend similar to what most other states have been experiencing.”