With all data

Series Island Jan-06 Feb-06 Mar-06 Apr-06

Ave Cost/Bbl of Oil Consumed Oahu 59.231 58.489 60.615 62.555

Ave Cost/Bbl of Oil Consumed Maui 54.577 54.033 53.767 56.311

Ave Cost/Bbl of Oil Consumed Hawaii 57.44 53.44 57.10 57.94

shipping premium? 2.861 -0.598 3.335 1.628

Difference Oahu-Maui 0.111 0.106 0.163 0.149

Difference Oahu-Hawaii 0.043 0.120 0.084 0.110

1 yr 2 yr 3 yr 4 yr

avg difference Oahu-Maui 0.388 0.265 0.188 0.226

Oahu-Hawaii 0.336 0.205 0.132 0.162

shipping premium 0.052 0.060 0.057 0.062

Hawaii estimate 0.440 0.325 0.245 0.288
May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

64.486 67.262 69.123 69.282 67.920 63.984 57.446 53.657 50.90

57.123 58.546 60.907 58.757 58.899 59.107 55.742 52.511 51.339

59.05 59.18 63.51 60.98 61.57 60.57 55.38 54.36 53.67

1.923 0.636 2.602 2.220 2.671 1.462 -0.359 1.850 2.332

0.175 0.208 0.196 0.251 0.215 0.116 0.041 0.027 -0.010

0.130 0.192 0.134 0.198 0.151 0.081 0.049 -0.017 -0.066

5yr 6 yr

0.199 0.190

0.140 0.135

0.064 0.065

0.263 0.255
Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07

51.76 51.18 53.20 54.19 60.61 64.19 70.68 75.19 75.62

53.079 50.998 53.211 55.839 56.959 63.276 62.863 64.713 63.825

56.24 53.77 57.11 57.56 58.84 65.46 64.21 66.22 66.20

3.165 2.772 3.902 1.716 1.885 2.186 1.350 1.502 2.376

-0.031 0.004 0.000 -0.039 0.087 0.022 0.186 0.249 0.281

-0.107 -0.062 -0.093 -0.080 0.042 -0.030 0.154 0.214 0.224
Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08

74.97 77.16 82.66 90.71 92.55 91.99 99.91 106.37 119.93

65.460 71.410 87.077 89.641 85.538 82.095 87.532 88.743 92.529

68.57 64.62 74.98 105.97 87.15 80.23 91.04 95.85 96.85

3.112 -6.793 -12.099 16.328 1.611 -1.864 3.504 7.111 4.322

0.226 0.137 -0.105 0.025 0.167 0.236 0.295 0.420 0.652

0.152 0.299 0.183 -0.363 0.129 0.280 0.211 0.250 0.549
Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09

130.08 141.55 135.08 128.24 103.24 72.62 50.98 47.00 46.02

104.038 116.802 121.191 106.700 89.289 63.430 44.260 47.400 44.990

115.74 123.21 123.10 109.82 92.15 62.85 39.54 52.16 48.54

11.706 6.407 1.905 3.124 2.856 -0.580 -4.718 4.756 3.550

0.620 0.589 0.331 0.513 0.332 0.219 0.160 -0.010 0.025

0.341 0.437 0.285 0.438 0.264 0.233 0.272 -0.123 -0.060
May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10

45.31 47.93 52.74 65.15 72.05 76.19 73.73 73.59 74.79

44.460 45.640 59.570 64.930 68.050 74.010 73.650 75.680 80.043

48.20 50.81 58.36 68.80 71.43 74.82 75.65 78.11 85.76

3.740 5.170 -1.210 3.870 3.380 0.810 2.000 2.430 5.716

0.020 0.055 -0.163 0.005 0.095 0.052 0.002 -0.050 -0.125

-0.069 -0.069 -0.134 -0.087 0.015 0.033 -0.046 -0.108 -0.261
Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10

74.99 84.68 81.72 83.71 87.96 90.18 87.65 87.89 87.81

84.340 82.201 78.441 78.741 80.755 80.928 79.920 69.841 78.930

82.46 82.80 80.23 79.75 84.35 87.98 83.36 72.13 85.18

-1.881 0.600 1.793 1.008 3.594 7.050 3.439 2.284 6.254

-0.223 0.059 0.078 0.118 0.172 0.220 0.184 0.430 0.211

-0.178 0.045 0.035 0.094 0.086 0.052 0.102 0.375 0.062
Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11

89.74 91.25 96.69 103.34 94.32 115.73 122.31 128.51 135.18

77.587 79.114 84.765 89.669 92.723 96.969 103.790 112.824 114.035

79.20 82.06 84.90 88.35 94.43 98.25 111.17 119.88 118.11

1.613 2.943 0.136 -1.318 1.702 1.284 7.382 7.051 4.076

0.289 0.289 0.284 0.325 0.038 0.447 0.441 0.373 0.503

0.251 0.219 0.281 0.357 -0.002 0.416 0.265 0.206 0.406
Aug-11 Sep-11 Oct-11 Nov-11 Dec-11

131.48 135.17 134.06 135.06 132.24

113.480 114.740 117.955 116.030 111.492

115.99 117.71 119.02 117.46 109.63

2.506 2.967 1.065 1.430 -1.860

0.428 0.486 0.383 0.453 0.494

0.369 0.416 0.358 0.419 0.538