www.treehugger.com/files/2005/08/hawaii_becomes.php
jpg Hawaii has become the first state in the nation to set limi ts on gasoline prices. It's a move critics warn could lead to supply sho rtages. The caps apply as of next week, when a new law goes into effect allowing Hawaii to set a maximum wholesale price at which gasoline can be sold.
Read next post :: Comments Once again the short sighted among us artifically prop up our nation's oi l/automobile dependance. I I wish that those bemoaning oil prices would put a little faith in the "free market" they seem to belive in so strong ly, and allow prices to usher in the sustainable energy revolution. Posted by: citizen at August 26, 2005 11:21 AM There may be a bright side to this. Think about what would happen if a ga soline shortage does develop in Hawaii and gasoline ends up being ration ed. Maybe, when people dont have a way to get to work, they will actuall y realize that they need more fuel-efficient vehicles or public transpor tation.
PapaCool at August 26, 2005 12:49 PM Who had this brilliant idea? Gas is $3 or more here, peop le might complain but they aint started no riot. Hawaii is in for proble ms whether they cap prices or not. Posted by: butane_bob at August 26, 2005 01:54 PM Butane Bob, The difference in price is to be subsidized.
at August 26, 2005 02:49 PM If suppliers are subsidized by the state, then Hawaii taxpayers are takin g a hit for gasoline consumers. Presumably, not everyone there drives, a nd they'll be the ones paying disproportinately. Similarly, price signals are being distorted, so SUV owners aren't being (metaphorically) smacked upside the head as hard.
at August 26, 2005 04:02 PM Increasing fuel prices is a good thing in the end. It'll get people to co nserve, buy and demand more fuel efficient vehicles. My hope is energy c osts will rise quickly enough to cause real change but slowly enough so the economy isn't shocked into a recession. Posted by: Tim Russell at August 26, 2005 05:15 PM Post a comment But before you do - please note the following: a) Imagine you are raising your hand in a crowded room to ask a question or make a comment. If you want product info, plea se contact the company directly. If you have a link to som ething, please be sure to post it this way!
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