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The Honolulu Advertiser

Posted at 12:59 p.m., Friday, October 5, 2007

PUC releases latest gasoline price data

Advertiser Staff

The gap between average prices for retail regular gasoline and wholesale regular gasoline rose to 54 cents a gallon on O'ahu during the week ended July 29, the state Public Utilities Commission reported.

That was up from a gap of 52 cents a gallon the prior week. Lawmakers mandated the disclosure in hopes it will discourage unfair pricing, after the suspension of Hawai'i's controversial gasoline price caps in May 2006.

The average pretax retail price fell to $2.80 a gallon from $2.83 a gallon during the week ended July 22. At the same time, the average wholesale price fell from $2.31 a gallon to $2.26 a gallon.

The PUC's average wholesale price has been criticized as inaccurate and inflated because it combines different types of wholesale transactions into one price.