Honolulu gas hits new high
Advertiser Staff and News Services
The average price for regular gasoline in Honolulu rose to a record $2.505 a gallon, according to today's AAA Daily Fuel Gauge Report.
That helped push the statewide average to a record $2.590 a gallon. In Hilo, it averaged $2.599 a gallon, while in Wailuku, Maui, regular gas averaged $2.794 a gallon.
The highs come amid near-record prices for Vietnamese, Indonesian and Malaysian crude oil, which were the top three sources of locally refined oil last year.
GRANTS AWARDED TO 5 COMPANIES
The Hawaii High Technology Development Corp. said yesterday it awarded six grants valued at $123,845 to five companies as part of a Small Business Innovation Research Matching Grant Program.
Recipients include:
RESORT TARGETS 2008 REOPENING
Plans for a famed Kaua'i resort that has been shuttered since Hurricane 'Iniki are moving forward, with construction expected to start next year, according to the principal sales broker for the project.
The plans call for the Coco Palms to re-open in mid-2008 with 200 condominium units and 104 hotel rooms, said Donna Apisa, president and principal broker of Oceanfront Realty International. The redevelopment of the resort will involve tearing down most of the buildings, except for the lobby building.
