I'll take "things that get libertarians really mad" for $400, Alex

What are ‘price caps’ 2

Hawaii has responded to soaring gas prices by capping wholesale prices at $2.74/gallon including taxes, starting September 1st. This would put the retail cap at about $2.86, slightly higher than the state-wide average but significantly lower than prices in Maui, which are over $3/gallon.
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  1. jdhlax Posted 5:10 pm
    25 Aug 2005

    More Corporate Welfare ...and subsidies for driving, which is one of the most environmentally harmful human activities.  Meanwhile, the planet is melting.  We need much higher gas prices to change people's bad habits, not lower ones!

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  2. odograph Posted 3:55 am
    26 Aug 2005

    subsdies?as I understand it they are legislating a cap, and not kicking any subsidy to make up the difference.
    if they "pick a good number" then I suppose the oil companies will make a little money stay in the Hawaiian market, but if they pick a bad number, surely they'll divert the gas to a more open market.
    it sounds like a tricky game ... but business and govenrment being what they are ... I'd guess an accetpable number will be negotiated on some golf course, the ultimate winner being the politician and lobyiest involved.

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