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Latest Business News

Hawaii Gas Cap Running on Fumes

Saturday, May 06, 2006 12:52:47 AM
By MARK NIESSE

Calvin Reddick, left, pumps gas into his car on May 1, 2006 in Honolulu. Gov. Linda Lingle says she sees no plausible situation in which she would ever use her power to bring back the state's cap on wholesale gasoline prices, which are set to become history as early as this weekend.(AP Photo/Marco Garcia)HONOLULU (AP) - Gas prices keep going up everywhere, and Hawaii's unique attempt to control them is running on fumes.

The isolated island state whose drivers consistently pay the highest pump prices in the nation has given up on its government-regulated price controls after an eight-month experiment.

With the average price for regular in Hawaii rising above $3.38 per gallon Friday, Gov. Linda Lingle signed into law a suspension of the cap that sought to keep the oil companies in check and give a fair price to customers.


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