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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (134209)	8/24/2005 4:14:49 PM
From: miraje	Read Replies (1) of 793794

I gotta feeling that gasoline is going to become a very scarce commodity in the Aloha State. You may have to trade in your moped for a bicycle. :) msnbc.msn.com Hawaii caps gas prices well below current levels A gallon of gas in Honolulu to cost just under $2.16 starting Sept. 1 Associated Press HONOLULU - The state Public Utilities Commission on Wednesday released its list of caps on the wholesale price of gasoline, with the price in Honolulu at just under $2.16, setting the stage for gas prices in Hawaii, the highest in the nation, to dramatically fall. The caps are effective starting Sept. 1, when Hawaii's first-in-the-nation price cap law goes into effect, through Sept. 4. The statewide average of the retail price of a gallon of regular unleaded on Wednesday reached a record $2.84, 4 cents higher than California and the highest in the nation, according to AAA's Daily Fuel Gauge Report. Prices on Maui have already topped $3 a gallon this week, while Honolulu hit a record $2.76 on Wednesday. If wholesalers charge the maximum $2.16 under the cap and retailers keep their usual 12 cent per gallon markup, prices for regular unleaded would fall to $2.28 per gallon.

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