HONOLULU – A new report shows Hawaii has the nation's highest average home prices as the cost of housing in the state has soared over the last year. The 2016 Coldwell Banker Home Listing Report ranked states based on their average price for a home with four bedrooms and two bathrooms. Hawaii took the top spot with average home prices at nearly 905,000. The figures represent an increase from the real estate company's analysis last year, which found the average price of a four-bedroom home in Hawaii was about 655,000, Hawaii News Now reported (bit.ly/2cnIfYo) Honolulu had the state's highest average home prices this year at 1.2 million.
While gas prices reached another record high nationwide on Tuesday, some drivers in parts of the country are now paying upwards of $8 per gallon. The national average for gas reached $4.622 on Tuesday - another all-time high for the country, according to the American Automobile Association (AAA). The average price for gas a year earlier was $3.046 per gallon, the association said. As many as seven states – Washington, Oregon, Nevada, Alaska, Hawaii, Illinois, and California - now have an average price per gallon in the $5 range, with New York and Arizona nearing the $5 per gallon mark. All 50 states in the U.S. currently have average gas prices of no less than $4.10 per gallon.