Opinion on GAS CAP
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1st Gear
Joined: May 2003
Posts: 45
Likes: 0
From: Makakilo
Is it really-really help consumers????
Worse case scenario if they pass the law::
1. Shut down the refinery..... if they shut down where are our gas coming from? IMPORT then same
thing supply and demand price goes up.
2. Refinery keeps operating but only producing CARB-DIESEL (for California only) and Jet-fuel, employee
major lay-off. Bad for state revenue
3. Even if they continue producing gasoline, I bet our production will be way way low to a minimum which
requires a lot from the outside world.
Any comments????
Worse case scenario if they pass the law::
1. Shut down the refinery..... if they shut down where are our gas coming from? IMPORT then same
thing supply and demand price goes up.
2. Refinery keeps operating but only producing CARB-DIESEL (for California only) and Jet-fuel, employee
major lay-off. Bad for state revenue
3. Even if they continue producing gasoline, I bet our production will be way way low to a minimum which
requires a lot from the outside world.
Any comments????
6th Gear
Joined: Apr 2003
Posts: 1,730
Likes: 0
I'm not sure what will happen with the effect of a gas cap. All I know is the Legislature reacted to a situation and to what voters wanted. Now, they are re-thinking last year's legislation as push comes to shove and another election year is upon us.
Looking at Keynesian economics and the supply and demand models, it would seem that if there are artificial limits on the amount a distributor can charge for gas, the supply will go down. I do not know the mechanics of the legislation, but I do know it is tied to California gas prices. California gas prices are even higher than ours at the moment. If this is such, it may create a greater profit if Hawaii dealers would be able to charge more than California prices due to legislation. If this is the case, supply may stay the same. If supply is restricted, prices will go up, but the government has the trump card as they can always step in. Under the Lingle Administration, I don't know if they will step in immediately as they would prefer to leave businesses alone.
What did I say? Not much. Just a lot of babble to confuse all of you. I'm preparing to be a politician.
Looking at Keynesian economics and the supply and demand models, it would seem that if there are artificial limits on the amount a distributor can charge for gas, the supply will go down. I do not know the mechanics of the legislation, but I do know it is tied to California gas prices. California gas prices are even higher than ours at the moment. If this is such, it may create a greater profit if Hawaii dealers would be able to charge more than California prices due to legislation. If this is the case, supply may stay the same. If supply is restricted, prices will go up, but the government has the trump card as they can always step in. Under the Lingle Administration, I don't know if they will step in immediately as they would prefer to leave businesses alone.
What did I say? Not much. Just a lot of babble to confuse all of you. I'm preparing to be a politician.
3rd Gear
Joined: Jul 2003
Posts: 260
Likes: 2
From: Quincy, IL
>>What did I say? Not much. Just a lot of babble to confuse all of you. I'm preparing to be a politician. 
All of the least corrupt states were really cold and north, like Minnesota. I read this in an online article somewhere, probably on MSNBC.com, but I am too lazy to look it up and provide a hyperlink ... sorry.
MINIangelD
All of the least corrupt states were really cold and north, like Minnesota. I read this in an online article somewhere, probably on MSNBC.com, but I am too lazy to look it up and provide a hyperlink ... sorry.
MINIangelD
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