If you live in Hawaii, try to keep your feet in the water and off of the gas pedal. As gas prices continue to increase throughout the country, the state of Hawaii is breaking records with its gas price at $4.51 a gallon for unleaded.
But, other states such as Alaska, Connecticut, Illinois, New York and the District of Columbia are also charging customers over four dollars for a gallon of gas. Trailing just a few cents away from four dollars per gallon are Indiana, Michigan, Nevada and Washington.
Hawaii residents have hit a high gas price before. In 2008, gas prices rose to $4.50/gallon. As gas prices throughout the country continue to rise, there will be less vehicular travel and more walking or transit transportation.
Having a vehicle that eats up your gas isn’t always a necessity. You could trade it in and purchase a more budget-friendly vehicle during the rising gas price period, or find alternative methods of transportation on and between our eight beautiful islands. Many people are investing in hybrid vehicles, like the Toyota Prius and all electric vehicles like the Nissan Leaf. With the federal and state tax credits for 2011, the Nissan Leaf is extremely affordable.
Another popular move in Hawaii is to install a solar system on your home to reduce or eliminate your electric bill. The payback period in Hawaii is very fast when compared to the other 49 states. Solar also has a healthy federal and state tax credit for 2011. Whether the state tax credit will be extended for 2012 or not, is currently up in the air.