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Friday, May 4, 2012
DBEDT: April, 2012 Monthly Energy Report
By News Release @ 3:27 PM :: 5776 Views :: Energy, Environment

News Release from DBEDT

State's April 2012 Monthly Energy Trends Report has just been released by the Department of Business, Economic Development and Tourism.


Highlights for April 2012’s Monthly Energy Trends

· Crude Oil Costs:

In April 2012, crude oil price decreased both from the same month last year and from the previous month. Crude oil price at the New York Mercantile Exchange averaged $103.35 per barrel in April 2012 which was 6.1% lower compared to the same month last year. Crude oil price was down $2.86 per barrel or 2.7% from March 2012. Year‐to‐date (January to April), the price of crude oil was 5.0% higher compared to the same period last year.

· Refinery Processing:

According to the most recent data available, Hawaii’s refineries imported 2.3 million barrels of foreign crude oil in February 2012, down 588,000 barrels or 20.2% from the same month last year. In February 2012, foreign crude oil imports decreased 2.2 million barrels or 48.6% from January 2012.

· Gasoline Pricing:

In April 2012, regular gasoline price increased although the crude oil price decreased. The national average price for regular gasoline was $3.886 per gallon, up $0.081 per gallon or 2.1% from the same month last year; and up $0.051 per gallon or 1.3% from March 2012.

In April 2012, Hawaii’s price for regular gasoline averaged $4.607, which was $0.721 per gallon or 18.6% higher than the national average for the same month.

Hawaii’s April 2012 price for regular gasoline increased $0.146 per gallon or 3.3% from the same month last year, and increased $0.133 per gallon or 3.0% from March 2012. In April 2012, the average regular gasoline prices within the State were as follows: Kauai, $4.860; Oahu, $4.473; Wailuku, $4.861; and Hilo, $4.746.

· Diesel Fuel Pricing:

The April 2012 national average price for diesel was $4.137 per gallon which was an increase of 1.1% from the same month a year ago and an increase of $0.012 or 0.3% from March 2012. In Hawaii, the average price for diesel in April 2012 was $4.996 per gallon which was $0.859 per gallon or 20.8% higher than the national average.

Hawaii’s April 2012 average price for diesel increased $0.213 per gallon or 4.5% from the same month last year, and increased $0.035 per gallon or 0.7% from March 2012. In April 2012, the average prices per gallon for diesel among Hawaii’s market were as follows: Kauai, $5.137; Oahu, $4.831; Wailuku, $5.149; and Hilo, $5.151.

· Gasoline Consumption:

Hawaii’s statewide consumption for gasoline, as measured by the gasoline tax base, decreased 15.7% in February 2012 from the same month a year ago. A total of 36.0 million gallons of gasoline was consumed in February 2012, of which 54.3% was consumed in the City and County of Honolulu, 13.5% in Maui County, 25.8% in Hawaii County; and 6.5% in Kauai County.


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