What are ‘price caps’

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.

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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