Why Lanai Gas Prices Plunged Overnight From Hawaii’s Most Expensive To The Cheapest 0 Billionaire tech magnate Larry Ellison is subsidizing fuel costs on Lanai.
In Hawaii and around the world, fuel prices this year have surged to historic new highs.
The rollback of pandemic restrictions spiked demand for fuel as workers returned to the office and industries resumed operations. Oil refinery shutdowns and the war in Ukraine have strained supplies, propelling prices even higher.
It all came to a head this summer, when the average price of a gallon of regular unleaded gas in the U.S. topped $5 in mid-June, marking an all-time high. In Hawaii, gas prices peaked in July at an average of $5.62 per gallon, according to data from AAA.
