Gas Cap Would Have Lowered Prices - Hawaii News Now - KGMB and KHNL

Gas Cap Would Have Lowered Prices

David Butts David Butts
Robert Luke Robert Luke

By: Kristine Uyeno

(KHNL) - You've probably noticed the price of gas has dropped recently. Even still, Hawaii drivers are seeing among the highest prices in the country. So what might we be paying if the controversial gas cap law were still in place?

Right now, Honolulu drivers are paying about $3.20 for a gallon of regular unleaded.

"We've calculated if the gas cap were still in place this week, prices would probably by $2.94," said David Butts, business editor at The Honolulu Advertiser.

Butts has been tracking the numbers and says when the gas cap was in effect, retailers would usually add about 15 cents to the wholesale price. But not anymore.

"So all we can say for sure is that somewhere along the line, wholesalers, retailers, are tacking on a larger margin than they did for those 8 or 9 months when we had a gas cap," said Butts.

"I was for the gas cap. I think people didn't give it enough time to implement properly," said Lee Manfredi, driver.

But since gas prices are dropping on the Mainland, local drivers will see some relief soon.

Some experts say Hawaii drivers could see a 5-10 cent drop in prices next week.

"I would like that," said Steve Inglis, driver.

"It's a sticky situation right now. I would take anything off the prices right now," said Robert Luke, driver.

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