The Oil Price Information Service has predicted that gas prices will continue to remain high for Hawaii residents in the foreseeable future, even when drivers on the mainland United States have seen decreases. Chief oil analyst for the OPIS, Tom Kloza, stated, ”Unfortunately, the rest of the country could see prices drop for gasoline, and Hawaii’s a little bit unplugged from the rest of country. Hawaii’s probably going to have the highest prices in the country for the next eight years just based on geography. It’s expensive to get crude oil there and expensive to refine it. It’s more of an international market. You’re pretty much captive to more expensive international prices. Hawaii’s a little bit of a wild card.”
Kloza predicted that Hawaii’s gas prices will hover around $4 per gallon throughout the rest of the year, while the rest of the country will see an average price of approximately $3.25 per gallon.
Source: Honolulu Star Advertiser, 11-7-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
