April 19, 2018, Rhodium Group
An ocean apart from the US mainland’s electric supply, Hawaii has embarked on an ambitious effort to wean itself off imported fossil fuels. Dependence on oil has been a defining feature of Hawaii’s energy system since before its 1959 statehood. As a result, Hawaii’s electricity prices have been among the highest and most volatile in the nation. Over the past 15 years, the people of Hawaii have paid 260% more for electricity than the US average, while gasoline prices consistently hover close to $1-per-gallon higher.