One of my wife’s good friends lives in Hawaii. Beautiful place to live and visit…
But I can’t say the same about the cost of goods and services. AAA reports the average price of a gallon of gas in Hawaii is $4.85. That’s 42% higher than the national average of $3.41. Ouch!
The reason: Getting goods to the island is not an easy venture. Just about everything has to be shipped in, and that’s expensive.
It’s why, in Hawaii, one of the most important industries is the oil and gas downstream sector.
Today’s Power Stock operates refineries and an extensive transportation system, including trucks, rails and barges, to move oil and gas through the Asia-Pacific and Pacific Northwest regions as well as Hawaii.
This post originally appeared at Money & Markets.