Tired of facing the nation’s highest gas prices, Hawaii is telling the oil companies how it is. They’ve decided to put wholesale gas price caps in place for the state to prevent the two major oil compaines from gouging.
Not everyone is happy with the caps. The governor is fine with the high gas prices, and actually sought to repeal the law in 2004:
Gov. Linda Lingle, who unsuccessfully sought repeal of the 2004 law passed by the state Legislature, has said she worries the cap will actually increase prices and create fuel shortages. The governor has the power to suspend the price caps if she determines they would cause a major adverse impact on the economy, public order, or the health, welfare or safety of the people of Hawaii.
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