Posted on: Monday, August 30, 2004

Honolulu gas price tops U.S.

Advertiser News Services

LOS ANGELES — Gas prices nudged upward about half a penny in the past two weeks after dropping more than 20 cents since May 21, but another price spike is not expected due to a decline in crude oil prices, an industry analyst said yesterday.

The lowest price for gasoline was $1.72 a gallon in Tulsa, Okla., according to the survey. The highest was $2.26 in Honolulu.

The combined national average for all grades of gasoline was $1.91, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey. The price was up from $1.90 on Aug. 13.

The survey, taken Friday, polls about 7,000 gas stations across the United States.

Lundberg said the slight upsurge came from an increase in crude oil, which peaked Aug. 19 at $48.70 before falling to $43.18.

Self-serve regular, the biggest seller, was $1.88. Mid-grade national average was $1.97 and the U.S. average of premium was $2.07.