Gas Cap Law
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The Hawaii Gas Cap Law is a state law introduced in 2005 setting a price ceiling on wholesale gasoline prices, the maximum amount that may be charged for producing gasoline and delivering it to a service station. Under the law, the gas cap was set weekly by the Hawaii Public Utilities Commission (PUC) based on average spot prices for regular unleaded gasoline in three U.S. markets, New York Harbor, the Gulf Coast, and Los Angeles.
The gas cap had a baseline price that is the same throughout Hawaii, but the total wholesale price varied depending on seven zones, reflecting the differing costs of delivery to various locations throughout the state.[1][2]
Law suspended
[edit | edit source]On May 5, 2006, Gov. Linda Lingle (in office, 2002–2010) signed a bill suspending the gas cap law. The bill allows Hawaii's governor to reinstate the gas cap law at any time.[3]
Having been in force for less than a year, the cap was seen by some as artificially raising prices for consumers in Hawaii.[4][5] As of 2019, the law has not been reinstated.
References
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- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ May 5, 2006. "Lingle Signs Bill To Repeal Gas Cap". Archived 2007-02-23 at the Wayback Machine KITV News. Accessed August 2011.
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
External links
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