Sep 22, 2014
"...Puerto Rico? This begs the bigger question: Then why are prices at the pump in Hawai'i then perennially >$4.00/gallon? Lack of competition..." part of the reason why it is that high is the price of oil, part of it is that you folks don't have a great oil supply there, and lack of refining capacity. Lower than $3 a gallon is unlikely there again, but it is possible temporarily just like when it bottomed here in late 2008 and early 2009 when Obama took the helm. It was about $1.49 a gallon at one point. around here at the lower priced stations, and hit about $1.55 or so for the average, while you folks hit about $2.31 or so for the average back then. If we get down to $2.97 which is what I'm expecting at the lower priced stations, then you'll also have been falling a bit as well as others. No matter what, we're all going up again within weeks.