Gas Cap Suspended

(KHNL) Just before the midnight deadline, lawmakers compromised and decided to derail the gas cap.

This means the cap will be suspended, but the PUC will continue to calculate the cap using a modified formula, one that includes Singapore.

The Governor now has the authority to reinstate the gas cap if she feels there is price gouging. State lawmakers worked late into the night to make final changes to bills.

An effort to suspend the state's unique cap on wholesale gasoline prices was a heated topic of discussion.