Oahu gas hits $4

Oahu gas hits $4

There are 225 comments on the Honolulu Star-Bulletin story from Jun 1, 2008, titled Oahu gas hits $4. In it, Honolulu Star-Bulletin reports that:

The average price for a gallon of regular gasoline passed the $4 mark on Oahu yesterday for the first time.

Join the discussion below, or Read more at Honolulu Star-Bulletin.

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Joe Blow

San Antonio, TX

#1 Jun 1, 2008
And so, once again, we say "Thumbs Up, Hawai'i!"

As if that mindless slogan is any more helpful in 2008 than it was back in the early 1990s when some of our business leaders tried to convince us that all we needed was a positive attitude and the willingness to run up our credit cards and everything would be OK.

Pfudd!

So as the economic "storm" approaches we need to cut back on all unnecessary expenses, and put a hold on spending tax-payer money on all "nice to have" projects.

Another round of raises and benefit increases for our public workers -- "nice to have."

Mufi's train -- "nice to have."

Enough money to live on -- "need to have."

No new taxes! No additional fees! No increases in water, sewer and electric fees!

Everybody, including our well-compensated public workers, the Board of Water Supply, the Hawaiian Electric Company, the City government, the State, and Mufi, are going to have to tighten their financial "belts" -- not just us tax-payers and the private sector.
Waipahu Papa

United States

#2 Jun 1, 2008
The SF bay area is around $4.31. Lucky come Hawaii.
CCC

Shipshaw, Canada

#3 Jun 1, 2008
In three months $4.00/gallon gas will be a bargain, this is just the next step in the large oil companies attempt in filling their boots. This greed is in response to hybrid vehicles and other alternate sources of fuel/power finally hitting the mainstream market that will hopefully bring pricing down....as the demand for oil goes down, pricing will go down if you own a tanker..fill it now !!
As well, try googling Dubai, see the poverty that is going on there right now..lol you should go look, after all we are helping to build this Taj Mahal of a city.
Daniel de Gracia II

Kahului, HI

#4 Jun 1, 2008
When I was in college in 1998, the price of gas was about .60-.90/gallon in my hometown of Universal City, TX. It's unbelievable how quickly the cost skyrocketed.

There's a Senate study out there that shows the breakdown of gasoline prices per gallon, which comes down to something to the effect of:
-46% crude oil acquisition costs
-28% Federal taxes
-14% refining costs and profits
-12% retail distribution and marketing costs

Still though, there seems to be something very fishy about these gasoline prices.

Southern Californians are getting the Honda FCX Clarity (Hydrogen fuel cell), maybe we should go the same way.
Ainokea4u

Lihue, HI

#5 Jun 1, 2008
Yup... Lucky you live in Hawaii.

Where everything is imported and shipping costs rise with oil prices...everything is relative.

And it is not going to get better.

“4 "Blondie"”

Since: Nov 07

;-) @>--;--

#6 Jun 1, 2008
Daniel de Gracia II wrote:
When I was in college in 1998, the price of gas was about .60-.90/gallon in my hometown of Universal City, TX. It's unbelievable how quickly the cost skyrocketed.
There's a Senate study out there that shows the breakdown of gasoline prices per gallon, which comes down to something to the effect of:
-46% crude oil acquisition costs
-28% Federal taxes
-14% refining costs and profits
-12% retail distribution and marketing costs
Still though, there seems to be something very fishy about these gasoline prices.
Southern Californians are getting the Honda FCX Clarity (Hydrogen fuel cell), maybe we should go the same way.
Are they even more expensive than the hybrids?
DevilDog

Makawao, HI

#7 Jun 1, 2008
The market in oil futures is driving prices. Speculators are buying contracts for higher and higher price points, betting they can cash in from the non-stop price increase and make a killing. So far it's working.
This is not a normal market in which companies buy futures to take delivery on oil shipments. Speculators only buy contracts to sell them. They never intend to take delivery.
These speculators are hedge funds and institutional "investors." The amounts of money they are throwing into the market are astronomical. Without regulation and oversight, things aren't going to get better. Only a steep drop in demand or an economic depression is going to bring down prices.

“4 "Blondie"”

Since: Nov 07

;-) @>--;--

#8 Jun 1, 2008
Ainokea4u wrote:
Yup... Lucky you live in Hawaii.
Where everything is imported and shipping costs rise with oil prices...everything is relative.
And it is not going to get better.
I think we should all become a little more pro-active and begin voicing such opinions to our representatives. I see that there are a lot of people identifying probelms but are unwilling to really do anything about it--just sit back and watch it all go down.
Tama Samoa

Kihei, HI

#9 Jun 1, 2008
Bill Clinton veto a bill when he was in office to drill in our own soil. Now we reap his benefits for high gas price and all you fools still will vote for these democratic librals.

If you think this is bad enough. Wait till Obama gets into office. Oh yeah, I forgot the line they use, "blame it on the war"
JJones

United States

#10 Jun 1, 2008
Welcome to our world. Regular gas has been over $4 for months and it's edging toward $5. People are starting to stay put instead of travel. And with fuel costs rising, everything else has to follow. Thanks OPEC.
Ainokea4u

Lihue, HI

#11 Jun 1, 2008
HIIslander wrote:
<quoted text>
I think we should all become a little more pro-active and begin voicing such opinions to our representatives. I see that there are a lot of people identifying probelms but are unwilling to really do anything about it--just sit back and watch it all go down.
Everyone knows the problems but what can you do about it? Absolutely nothing. Why? because government cannot interfere with private business and dictate how much they can charge, for one. Two, some of government sway to side with the federal side for monies to develop things like freeways, military housing, housing the Missouri, all for jobs to spur the economy.
Hard when you are an island state and depend on shipping to get your next meal delivered.
WardKinau

United States

#12 Jun 1, 2008
Four dollars a gallon! Yikes! I had not noticed that. Put the car on blocks and get a horse (sound of a lonesome harmonica in the background). Giddee up.
honanon

Kailua Kona, HI

#13 Jun 1, 2008
Tama Samoa wrote:
Bill Clinton veto a bill when he was in office to drill in our own soil. Now we reap his benefits for high gas price and all you fools still will vote for these democratic librals.
If you think this is bad enough. Wait till Obama gets into office. Oh yeah, I forgot the line they use, "blame it on the war"
Obviously a Republican in denial... do you not understand the pockets of your 'leaders' are lined with oil money?? Where in the world do you think Bush gets his wealth??? And all those folks telling him what to do? Everything is in their best interest - screw the American people. Ah well, I didn't vote for him - I just had to suffer the consequences!!
Popeye

United States

#14 Jun 1, 2008
Bottled water at Safeway on sale-$4.99 plus tax plus redemption fee. Comes to less than $2 per gallon. Buy the same bottle at a sub sandwich outlet-$1.79 per bottle plus tax, or over $14 per gallon. Greed is all round, not just big oil.
BTW-Maui is over $4.40 per gallon, Lanai over $5 per gallon.
Boycott the gas demand

Kailua Kona, HI

#15 Jun 1, 2008
For one week, if everyone didn't purchase gas, cut back on their driving habits, and not shopped at the gas stations (store), will tell those profiting from us suffering a lot. Try it... June 15-June 21, 2008... no one gets gas.
Joel Kazlofski

Honolulu, HI

#16 Jun 1, 2008
World Oil Demand has been increasing. OPEC Oil Production has increased also. However, the world has one major oil producer with decreasing production. Guess who? USA. Democratic Congress has blocked new production in Alaska, Offshore California and Offshore Florida. We are the problem.

Similarly, We have put in environmental regulations which have prevented the US from building a single new Refinery in 35 years. So we have gone from producing exporting Gasoline to being the worlds largest importer. So when prices rise don't whine about Opec and Oil Companies
.
Election's are coming, so ignore your congressman when he says we need an ivestigation of OPEC, instead ask them about their ANWR voting record.
jaijai

United States

#17 Jun 1, 2008
In Venezuela, gas is 12 cents/gallon because the government subsidizes the cost. It's actually cheaper than water. If you want cheap gas, move to Venezuela, but try to stay away from the criminal gangs and drug cartels. Funerals are cheaper there, too.

“Trust No One!”

Since: Mar 08

San Diego, Ca

#18 Jun 1, 2008
Tama Samoa wrote:
Bill Clinton veto a bill when he was in office to drill in our own soil. Now we reap his benefits for high gas price and all you fools still will vote for these democratic librals.
If you think this is bad enough. Wait till Obama gets into office. Oh yeah, I forgot the line they use, "blame it on the war"
Okay so who are you going to vote for Hillary?
DevilDog

Makawao, HI

#19 Jun 1, 2008
Joel Kazlofski wrote:
World Oil Demand has been increasing. OPEC Oil Production has increased also. However, the world has one major oil producer with decreasing production. Guess who? USA. Democratic Congress has blocked new production in Alaska, Offshore California and Offshore Florida. We are the problem.
Similarly, We have put in environmental regulations which have prevented the US from building a single new Refinery in 35 years. So we have gone from producing exporting Gasoline to being the worlds largest importer. So when prices rise don't whine about Opec and Oil Companies
.
Election's are coming, so ignore your congressman when he says we need an ivestigation of OPEC, instead ask them about their ANWR voting record.
Actually, oil production hasn't increased. It's failed stayed above 85 million gallons per day since 2005. Global demand is approx. 87 mgpd. So, part of the problem is supply and demand. The other part (mentioned in my previous comment) is speculators. The third area is a weak dollar.

Oil is priced in dollars. The dollar has fallen by almost 50% against other major currencies (yen, pound, euro, etc.) since Bush took office. OPEC has had to raise their price by that much just to stay even. So, the economic policies of the Bush Administration and our central bank (i.e., the Fed) have contributed significantly to the high price of oil and (therefore) gasoline.

If Congress would go back to earlier regulations to restrict speculation in oil and other commodities, AND the Fed would reduce the money supply and raise interest rates, the price of oil and gas would go down.

Don't hold your breath waiting for it to happen.
Someone who works

Honolulu, HI

#20 Jun 1, 2008
Boycott the gas demand wrote:
For one week, if everyone didn't purchase gas, cut back on their driving habits, and not shopped at the gas stations (store), will tell those profiting from us suffering a lot. Try it... June 15-June 21, 2008... no one gets gas.
This is a really good idea.. only for those people who work and acually have to drive 17 miles to/from work we need the gas, ill admit im mad about the gas too but i dont think boycotting it will solve anything.

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