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It's kind of ironic that Peak Oilers call for government to mandate higher prices, while these people want government to force them to be lower. Everyone wants to have their hands on the wheel, I guess. Apparently having prices set by supply and demand is the one solution that is unacceptable to everyone.I guess they haven't reached the point where cost trumps convenience yet.
It's incorrect, not surprisingly. It's not the higher cost of transportation the gas price is supposed to address. The cap allows extra for transportation and taxes. Hawaii feels it's being gouged because they're a small market where there's no competition. The gas cap ties their prices to the larger markets in NY and LA, that's all. And ut only affects the wholesale cost; the retailers can set any price they want.
Also, Gov. Lingle can suspend the law if she decides it's doing more harm than good.